IDEAS home Printed from https://ideas.repec.org/a/spr/jsecdv/v26y2024i1d10.1007_s40847-023-00253-0.html
   My bibliography  Save this article

Financial literacy and gender gap: a study of Punjab state of India

Author

Listed:
  • Deepty Bansal

    (University College)

  • Lavneet Kaur

    (Punjabi University)

Abstract

Financial literacy helps individuals to make sound financial decisions by improving their level of financial knowledge, attitude and skills, hence leading to effective financial management. It promotes financial inclusion by improving access to financial products and services. This paper examines the level of financial literacy among the people of rural areas of Punjab. The study is based on primary data and a multi-stage stratified proportional random sampling method has been used to collect the data from the respondents of different districts of Punjab. The main focus of the study is to find the level of financial literacy and to analyse the gender gap in financial literacy in rural areas of Punjab. Four main components of financial literacy have been identified and a financial literacy index is formed. OECD/INFE and NCFE methodologies for measuring financial literacy have also been used. The results of the study show a lower level of financial literacy and a significant gender gap in financial literacy among the respondents of rural Punjab. It is found that 28.3% of the males and just 9.8% of the females are financially literate. The study also highlights the impact of different socio-economic and demographic parameters on the level of financial literacy of male and female respondents.

Suggested Citation

  • Deepty Bansal & Lavneet Kaur, 2024. "Financial literacy and gender gap: a study of Punjab state of India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 26(1), pages 77-101, April.
    • Handle: RePEc:spr:jsecdv:v:26:y:2024:i:1:d:10.1007_s40847-023-00253-0
    DOI: 10.1007/s40847-023-00253-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40847-023-00253-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40847-023-00253-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jsecdv:v:26:y:2024:i:1:d:10.1007_s40847-023-00253-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.