A Study on Awareness of Financial Literacy among Tribal Youth in Selected Aspirational Districts of Odisha

Abstract

Young generation of tribal people must give importance to achieve knowledge on financial literacy and its various activities. In order to maintain the qualitative life in rural India, every house hold must have gained knowledge of managing money and their resources. It is a successful and effective method of managing monetary resources. Each member of family at his adult age must have to know the value of money and their effective uses. In order to reduce the financial problem, a person must be financial literate. The objective of financial capability and overall wellbeing of the young generation as to tribal people in chosen aspirational districts of Odisha, as well as their   active participation for their personal financial wellbeing is designed by their financial behaviour and it includes saving, investing, making an expenditure, managing debt and their financial planning. This study looks for trends in tribal youth's behaviour and how such designed affect their capacity to fulfill financial commitments, take risks and reach financial goals. The results of this research will give focus on the financial practices which support youths' educational institution has improved financial well-being. The findings are anticipated to enhance the welfare among the in upper level educational institutions and aid in the creation of targeted positive financial behavior. Government has taken various steps to increase the literacy rate and financial literacy rate in the remote part of across the country in the tribal belt areas.