Role of Financial Literacy in Investment Decision-Making among Tribal Women

Licy K. G.; Rakesh Joseph K.V.

doi:10.36948/ijfmr.2026.DePaul-2026.1908

Role of Financial Literacy in Investment Decision-Making among Tribal Women

Author(s)	Dr. Licy K. G., Rakesh Joseph K.V.
Country	India
Abstract	Financial literacy is an essential factor in improving financial inclusion and investment decision-making among marginalized communities such as tribal women. In India, financial inclusion initiatives have expanded rapidly in recent years. Recent estimates show that 55–60% of women in India hold bank accounts, while rural account ownership has crossed 50%. Between 2021 and 2025, women’s participation in formal financial activities increased due to the growth of digital banking, Self-Help Groups (SHGs), microfinance institutions, and financial literacy programmes. At present, India has more than 80 lakh Self-Help Groups with over 9 crore women members. Women also constitute nearly 60% of microfinance borrowers, indicating their growing role in small-scale financial activities. In addition, digital financial transactions in rural areas have increased by more than 40%, and the use of mobile-based banking services has expanded significantly. Despite these improvements, tribal women continue to experience financial exclusion. Surveys suggest that only about 30–35% of tribal women possess basic financial literacy, while less than 25% are aware of diversified investment options such as insurance, mutual funds, or government savings schemes. Limited education, irregular income, and lack of financial awareness further restrict their participation in investment decisions. This study focuses on tribal women in Mysuru District, examining financial literacy levels, awareness of savings and investment instruments, and risk perception influencing financial behaviour. The findings are expected to highlight how improved financial literacy can enhance investment participation and economic empowerment among tribal women.
Keywords	Financial Literacy, Investment Decision-Making, Tribal Women, Financial Inclusion, Economic Empowerment
Published In	Conference / Special Issue (Volume 8 \| Issue 3) - Two-Day National Conference on “Women Led Development: Pathways to Inclusive, Sustainable, & Equitable Growth” (DePaul-2026) (May 2026)
Published On	2026-05-03
DOI	https://doi.org/10.36948/ijfmr.2026.DePaul-2026.1908

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Role of Financial Literacy in Investment Decision-Making among Tribal Women

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