A Study Of Financial Literacy Of Tribal Adults At Kosbad Hill, Palghar: A Case Study

 Abstract Purpose The study was conducted for checking the financial literacy level of tribal adults residing at Kosbad hill (pada) as a case study. The study collected primary data for 142 people through questionnaire (77 female and 65 male); selected using 'Random Sampling Method. For analysis purpose SPSS software were used to analyse the data by implying statistical tools like frequency distribution, correlation and diagrams like pie chart and bar graphs. The study revealed that, majority of tribal adults residing at Kosbad Hill has moderate financial literacy. Younger tribal adults (below 40 years age) have high Financial Literacy as compared to middle age & old age group tribal adults as they possess Moderate Financial Literacy. Men have High Financial Literacy as compared to women. So the study comes to conclusion that, Kosbad Hill tribal area adults are financially literate. Now a days most of people habitual with digital online payment, investments in stocks, Mutual funds, etc. So, it becomes essential to know and understand the financial literacy level of tribal people who resides in hilly areas which are near to metropolitan cities like Mumbai. The study selected Kosbad hill (pada) for case study.