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Abstract

Financial inclusion, which plays a critical role in the economic development of the economy. A well developed financial system leads the economy towards inclusive growth. The essence of financial inclusion is to allow people belonging to vulnerable section sin the urban and rural areas to contribute more actively to economic development. It is the delivery of delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups, financial literacy refers to the knowledge for managing personal finance. It is an integral part of the financial inclusion.  It is changing the behavior in the financial pattern and activities of individuals.  The objectives of the paper are to understand the role of financial literacy to financial inclusion, to create awareness the educate consumer on access to financial services, availability of various types of product and their features to deliver the message to the target group through a methodical manner regarding the benefits and risks involved in making informed choices and to analyze the relationship between financial inclusion and financial literacy.  Both primary and secondary data are used in the study.  The study area is of Shivamogga City.  The respondent size is of 60, who are working in different organization of Shivamogga City.  The purpose of the study is to improve the understanding of financial products, concepts and risks through financial education/literacy by providing, instruction and advice by developing the skills and confidence of financial potential consumers and investors into becoming more aware of financial risks and opportunities to make informed choices to know where go for help into take other effective actions to improve their financial wellbeing.

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