Evaluation of Financial Awareness: A case study of Delhi Slums

Do the marginalized people efficiently direct their earnings? Do they save? These are the questions that need to be addressed before the agencies of Government try to empower them. In the past, poor and marginalized people have always been addressed from the supply side, but we need to understand the demand side i.e. the financial awareness level of these people in context of financial inclusion. In an environment where the variety and intricacy of financial products & services are expanding the scale of whole market, it has become essential that individuals should have detailed knowledge of the world of finance so as to make improved choices that are most suitable to their financial needs and goals ( Kumar & Anis, 2013).This study is an attempt to extract the factors of financial awareness and then study the level of financial awareness among the selected slum dwellers of Delhi.