Antecedent Effect of Financial Literacy and Financial Technology on Financial Inclusion

Purpose - The study aims to reveal a relation between financial technology and Financial Literacy to Financial Inclusion of individual investors in Delhi, India. Design/methodology/approach -This descriptive study was grounded on primary information gathered using a well-designed questionnaire, which was circulated through the Internet. There were five-point scales for all variables whether dependent or independent in nature. The baseline data for the current study were collected by means of purposive technique of sampling from a sample of 684 participants. The GIF which is goodness of fit was verified by AMOS-analysis of moments structures using SEM-structural equation modeling approach. Findings -The results revealed that the Financial Literacy and financial technology had a considerable connection with the Financial Inclusion of an individual investors. Practical implications- On the basis of findings of this study Government departments may make rigorous efforts in promoting Financial Literacy amongst population by holding seminars, workshops, discussion sessions etc. In a changing financial climate, the current effort delivers evolving decent practices for policymakers, controllers, and depositors. Originality/value - The results of the study clearly indicated a robust connection amongst Financial Literacy and Financial Inclusion. According to the findings of the study it is utmost essential on the part of policy makers to come up with economic reforms or other practises which can empower common person to participate in the financial or capital markets with more knowledge, for ensuring robust financial growth.