Financial literacy of the Tribal Communities. A Comprehensive Assessment Among the Different sub-Groups of Tribal in Wayanad- Kerala

Abstract

The present study examines the degree of financial literacy among native communities, exposing a pervasive deficiency in advanced comprehension, especially with intricate financial ideas such as the stock market. The Kurichya and Adiya groups show better levels of financial literacy than the much lower levels reported in the Paniya community, according to an ANOVA study that reveals substantial disparities in financial literacy among tribal populations. The results underline the necessity of equitable measures to support financial inclusion among indigenous communities and the significance of focused financial education programs designed to fill in particular knowledge gaps within each tribe grouping.