• Bhawna Dhawan
• Dr. Vikas Nath

Financial literacy is a fundamental factor for economic growth and financial stability. The lack of awareness of financial products and services offered to the target population is a most common reason for exclusion from formal financial services. Thus, financial literacy is a platform for financial inclusion. The paper aims to study the extent of financial literacy and its correlation with financial inclusion for urban poor in Delhi. The findings of the paper are based on the pilot survey done on 76 respondents including class IV workers, the waalas, domestic maid and servants and the results shows that 30% of the respondents are actually not aware of the schemes which government have initiated. Thus, despite of many initiatives being taken by the government people still depend on informal markets for their financial borrowings. Some suggestions from horses’ mouth are also incorporated in this paper to help the government reach their target population.

Financial Inclusion, Financial Literacy

"Financial Inclusion and Financial Literacy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.343-352, August-2018, Available :http://www.jetir.org/papers/JETIR1808349.pdf

"Financial Inclusion and Financial Literacy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp343-352, August-2018, Available at : http://www.jetir.org/papers/JETIR1808349.pdf