Determinants of Financial Literacy and Use of Financial Services: An Empirical Study amongst the Unorganized Sector Workers in Indian Scenario

Document Type : Research Paper


1 Bankura Sammilani College ,Bankura, West Bengal, India

2 Department of Commerce, Vidyasagar University, Midnapore, West Bengal, India


The present paper aims to identify the effect of demographic and socio-economic variables on financial literacy and its impact on the use of financial services. For this study, primary data are collected from 400 unorganized sector workers of Paschim Medinipur district, also an economically development lagger in the state of West Bengal of India. The logit regression result shows that the main explanatory variables of financial literacy are occupation, income and educational qualification. Similarly, with regard to use, the main positive determinants are financial literacy, income and domicile. Thus, the outcome of this research has a significant outcome to guide the policy-makers in respect of improving financial literacy and inclusion.


Main Subjects

Article Title [فارسی]

عوامل تعیین کننده سواد مالی و استفاده از خدمات مالی: یک مطالعه تجربی در میان کارگران بخش غیرسازمان یافته در سناریوی هند

Authors [فارسی]

  • دیبابراتا جانا 1
  • آبهی جیت سینها 2
  • آریندام گوپتا 2
1 مدرسه کنتای، پوربا مدینی پور، بنگال غربی، هند
2 گروه تجارت، دانشگاه ویدیاساگار، میدناپور، بنگال غربی، هند
Abstract [فارسی]

هدف مقاله حاضر شناسایی تاثیر متغیرهای جمعیتی و اجتماعی – اقتصادی بر سواد مالی و تاثیر آن بر استفاده از خدمات مالی است. برای این مطالعه داده­ های اولیه از 400 کارگر بخش غیر سازمان یافته منطقه غربی مدینی­ پور، همچنین از رشد اقتصادی در ایالت بنگال غربی هند جمع­ آوری شده است. نتایج رگرسیون لجیت نشان می­دهد که اصلی­ ترین متغیرهای توضیحی سواد مالی شغل، درآمد و صلاحیت تحصیلی می­ باشد. به همین ترتیب، مهمترین عامل مثبت سواد مالی، درآمد و محل زندگی است. بنابراین نتیجه این پژوهش پیامد مهمی در هدایت سیاست­گذاران در زمینه بهبود و در نظر گرفتن سواد مالی دارد.

Keywords [فارسی]

  • عوامل جمعیت شناختی
  • سواد مالی
  • استفاده از خدمات مالی
  • بخش غیرسازمان یافته
  • لجیت
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