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Abstract

Financial education is required to enhance financial literacy for socio-economic development. This paper aims to understand the financial literacy level among the Scheduled Tribes of India, specifically the Mao-Naga tribe women of Northeast India. The current paper is based on secondary data and adheres to the steps and process of a systematic review. Prominent authors, times, tribes, countries, journals, and keywords have been identified for the comprehensive analysis. Since the goal of this paper is to review the existing literature regarding financial literacy among tribals, the findings indicate that financial education intervention, socio-cultural practices, social affinity, and early life financial experience affect individuals’ financial literacy. It has also been observed that a productive pathway to achieve financial literacy and inclusion lies in integrating financial education programs within the socio-cultural practices of tribal women. Thus, financial literacy can enhance the financial well-being that is necessary for socio-economic development among Mao-Naga tribal women. This paper can help governments, central bank regulators, and researchers know the essential elements of financial literacy and identify the pertinent areas for further empowerment among sub-groups of the population, especially among tribal women of Northeast India.

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