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Abstract

The digitalization of financial products and services and to strengthen digital financial literacy has become a significant global policymaking agenda. Digitalization is affecting individuals and businesses globally. To this changing environment, effective financial education, financial consumer protection and financial inclusion policies growing significant changes. Financial illiteracy plant a burden on the state in the form of a elevated cost of financial security and lesser affluence. So people prefer to invest in physical assets and short-term instruments which conflicts the country’s capital requirements for infrastructure. The influence of various socio-demographic variables on financial literacy of women in Trivandrum is studied here. The paper uses data from both secondary and the primary sources, which is collected by the respondents with the help of a structured questionnaire.

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