Paper Details

Name: B Geethpriya & Balaji S
Country: India

Year: 2026
Volume: Volume No: 13, Issue No: 1 (January-June)
Page Number: 47-50
DOI: https://doi.org/10.5281/zenodo.19508711

ABSTRACT
Financial literacy is an essential component of economic development and individual wellbeing, particularly for marginalized communities that face systemic barriers to financial inclusion. This paper examines the role of financial literacy in empowering these communities by enhancing their ability to manage financial resources, make informed decisions, and access formal financial services. It highlights how financial knowledge contributes to improved saving habits, responsible borrowing, and increased participation in economic activities. The study also addresses the key challenges in promoting financial literacy, including low levels of education, lack of awareness, limited digital access, and socio-cultural constraints. Furthermore, it emphasizes the importance of targeted interventions such as financial education programs, community-based initiatives, and supportive government policies. The findings suggest that strengthening financial literacy can lead to greater economic independence, reduced vulnerability to exploitation, and overall social empowerment of marginalized groups, thereby contributing to inclusive and sustainable development.

Keywords: Financial Literacy, Marginalized Communities, Financial Inclusion, Economic
Empowerment, Financial Education.