International Journal of Management, IT and Engineering
Year : 2019, Volume : 9, Issue : 4
First page : ( 201) Last page : ( 207)
Online ISSN : 2249-0558.

“Digital financial literacy: Awareness and access”

Mr. Saini Sumit

Assistant Professor, Budha College of Management, Karnal

Online published on 24 October, 2019.

Abstract

Digitalization is the echo of today's India. Government's recent demonetization and plans to make India a cashless economy has caused to learn the know-how of digitalization as it has put into practice in all the sectors. Government of India has made reforms in financial sector to update knowledge about digital aspects of financial literacy of every citizen by starting campaigns to literate Indian citizens about digital finance. So, digital financial literacy has arisen as a matter of keen interest for every individual. This article reveals the concept of digital financial literacy, level of awareness and access of digital financial literacy among population of Karnal, relationship between level of education and awareness and use of digital instruments. To attain these objectives, the population of Karnal has been studied through sequential structured questionnaire. A pilot study and Cronbach's alpha method were used to verify reliability and validity of the questionnaire. Descriptive statistics, ANOVA test and correlation analysis was used through SPSS to summarize the research findings.

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Keywords

Digitalization, Digital Education, Digital Financial Literacy, Financial Decision, Financial Knowledge, Life-Style.

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