Financial Literacy and Financial Inclusion in Assam: A Secondary Data Based Analysis

Gyanesh Koiry

doi:10.36948/ijfmr.2026.v08i04.82975

Financial Literacy and Financial Inclusion in Assam: A Secondary Data Based Analysis

Author(s)	Mr. Gyanesh Koiry
Country	India
Abstract	Financial inclusion, in its entirety, means easy, timely, and affordable access to financial products and services. Financial inclusion has three dimensions, access, usage and quality. The quality dimension is the one that deals with the financial literacy aspect. A country, in order to achieve full financial inclusion, have to work more on the quality aspect of financial inclusion, i.e., the financial literacy. Financial literacy is the combination of financial knowledge, attitude, and behaviour, which an individual possesses, in order to make informed financial decisions, ultimately helping him achieve his financial well-being. The previous studies mainly focus either on the access aspect of financial inclusion or examines both financial literacy and financial inclusion individually. Hence, based on secondary data, less work available integrating both financial literacy and financial inclusion, constructing Financial Literacy Index (FLI) and Financial Inclusion Index (FII), and comparing the performances of these indices in the context of Assam. The present study seeks to examine the status and tends to compare the growth and trends of financial literacy and financial inclusion in Assam during the last five years, i.e., from 2020-21 to 2024-25. The study is descriptive and quantitative in nature and is purely based on secondary data. For the purpose of examining the status and growth & trend of financial literacy and financial inclusion in Assam, a Financial Literacy Index (FLI) and Financial Inclusion Index (FII) was constructed. The findings of the study revealed that financial literacy is growing at a faster pace than the financial inclusion, indicating a lower conversion rate of awareness and knowledge into the ultimate financial behaviour. The study concluded that improving the physical and digital infrastructure and framing the district specific financial literacy programmes can help removing regional and district-level disparities, eventually leading to more inclusive and sustained financial development across Assam.
Keywords	Financial Literacy, Financial Inclusion, Financial Literacy Index (FFI), Financial Inclusion Index (FII), Assam
Field	Sociology > Banking / Finance
Published In	Volume 8, Issue 4, July-August 2026
Published On	2026-07-02
DOI	https://doi.org/10.36948/ijfmr.2026.v08i04.82975

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Financial Literacy and Financial Inclusion in Assam: A Secondary Data Based Analysis

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