Gender Dimensions of Financial Literacy on Personal Financial Planning: A Study of Rural and Urban Populations in Telangana.

Abstract

Financial literacy serves as a cornerstone of sound financial decision-making and long-term economic well-being. Despite significant progress in financial inclusion initiatives across India, gender disparities persist in access to financial knowledge and participation in personal financial planning. This study investigates the gender dimensions of financial literacy and its impact on personal financial planning among rural and urban populations in Telangana. Using descriptive and analytical research design, data were collected from 400 respondents through structured questionnaires. The analysis employed descriptive statistics, t-tests, and regression models to examine relationships between financial literacy and financial behavior. Findings reveal that men exhibit higher financial literacy levels than women, with the disparity being more pronounced in rural areas. Financial literacy was found to significantly influence financial planning behavior across both genders and regions. The study concludes with recommendations for targeted financial literacy programs to bridge gender and geographical divides, thus promoting inclusive financial empowerment in Telangana.