IMPACT OF EDUCATION ON FINANCIAL LITERACY: A CASE STUDY OF TUMKUR DISTRICT (Pages 24 - 33) by *Dr. T Hanumantharaya and **Rakesh Nadig H S. M.Com, M.Phil, SLET, (Ph.D.) in THE INTERNATIONAL RESEARCH SPECIALIST / ISSN: 2350-1499 (Online); 2350-0751 (Print)

Financial literacy is the knowledge and understanding of the financial concepts such as earning, spending, saving, budgeting, borrowing, investing and applying it with confidence for making effective decisions in the financial market to manager personal financial resources efficiently. The lack of essential knowledge on financial matters and inability to manage personal finance not only affect a household but makes an economy as a whole suffer too. Financial literacy in developing countries is a public good and a potential function of foreign assistance in partnership with financial literacy companies civil society educators and financial regulator. This empirical paper attempts to study the status of financial literacy in India and Karnataka and the impact education on financial literacy of people.Financial literacy is the knowledge and understanding of the financial concepts such as earning, spending, saving, budgeting, borrowing, investing and applying it with confidence for making effective decisions in the financial market to manager personal financial resources efficiently. The lack of essential knowledge on financial matters and inability to manage personal finance not only affect a household but makes an economy as a whole suffer too. Financial literacy in developing countries is a public good and a potential function of foreign assistance in partnership with financial literacy companies civil society educators and financial regulator. This empirical paper attempts to study the status of financial literacy in India and Karnataka and the impact education on financial literacy of people.Keywords: Financial Literacy, Financial Behaviour and Attitude, Financial Inclusion, Education