A Study on Financial Literacy among Farmers in Mosra Village, Nizamabad District Telangana

Abstract

This research paper presents a comprehensive analysis of the financial literacy levels among farmers in Mosra Village, situated in the Nizamabad District of Telangana, India. The study aims to assess the current state of financial literacy within the farming community and to identify key factors that influence farmers' financial knowledge and decision-making. To achieve these objectives, a mixed-methods approach was employed, including surveys and interviews with a representative sample of farmers in Mosra Village. The study investigates various aspects of financial literacy, such as understanding basic financial concepts, knowledge of financial products and services, and the ability to make informed financial decisions related to agricultural practices and investments. The findings of this study reveal both the strengths and weaknesses in the financial literacy of farmers in Mosra Village. It highlights the importance of tailored financial education and outreach programs to bridge the existing knowledge gaps and empower farmers with the necessary financial skills and knowledge to improve their economic well-being. Additionally, the study sheds light on the role of socioeconomic factors, educational background, and access to financial resources in shaping farmers' financial literacy levels.