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2023 | OriginalPaper | Chapter

5. Financial Capability and Financial Well-Being for a Sustainable Society

Authors : Vinay Kandpal, Deep Chandra, Narendra N. Dalei, Jatinder Handoo

Published in: Financial Inclusion in Circular Economy

Publisher: Springer International Publishing

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Abstract

Financial capability of an individual is the ability to use and manage financial products for current and future financial needs with adequate financial knowledge. Financial access can, directly and indirectly, benefit small firms and poor households, make them more capable of taking advantage of investment opportunities and insures them against risks. Consumers of financial products and services require a secure, transparent marketplace and the financial means to navigate that market successfully. A growing agreement is emerging that the ultimate measure of financial literacy success is individual financial well-being should be improved through efforts.

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Metadata
Title
Financial Capability and Financial Well-Being for a Sustainable Society
Authors
Vinay Kandpal
Deep Chandra
Narendra N. Dalei
Jatinder Handoo
Copyright Year
2023
DOI
https://doi.org/10.1007/978-3-031-22723-3_5