Impact of Demographic Features of Young Entrepreneurs on Financial Literacy: Meta-Analysis in Delhi NCR

Abstract

Financial literacy capability impacts individuals, families, financial institutions and the economy, as a whole. Financial knowledge is required in every aspect of life in this competitive world. The fundamental object for this analysis is to assess the impact of demographic features of budding young entrepreneurs on their financial Literacy, in the national capital reason of India. The methodology used is, the self-administered and closed-ended questions to collect the experiential data from the young entrepreneurs. Before conducting the survey, dense literature was conducted to understand the background of the concept and to find the research gap. The study reports that a young male budding entrepreneur in the age group of the '20s, started a venture or entrepreneurial activity at an early age and graduate in the field of technology, accounts, economics or management is well versed in understanding the financial implications. The socio-economic culture of India supports the results. The outcome of the study will be useful for the banks, financial institutions, venture capitalist, who involved in financing the start-ups and new ventures moreover, it is also essential for government and policymakers who gives subsidies and other support to make India as a self-reliant nation "Aatm - Nirbhar Bharat".