Effectiveness of Financial Literacy Interventions in Improving Financial Literacy among Rural Women in North India

Abstract

The objective of the study is to determine whether financial literacy interventions improve financial literacy significantly in the long-term (eighteen to twenty months after the intervention) and in the short-term (one to three months after the intervention). The improvements in the literacy scores in the short-term and in the long-term were then used to assess the extent of change in financial literacy over time. The study also investigated the efficacy of six alternate training methods, using three techniques - lectures; lectures and movies; and lectures, movies and games, with the training being imparted without and with an accompanying adult (mainly spouse).