The Study on The Impact of Financial Literacy and Record Keeping on Investment Readiness in Rural Farmers: A Secondary Data Analysis

This study on the impact of financial literacy and record-keeping practices on investment readiness among rural farmers using secondary data sources. Rural farmers often face financial constraints, limited access to institutional finance, and inadequate financial management skills, which affect their ability to make informed investment decisions. Drawing on data from government reports, surveys of national records, research articles, and institutional publications, this study analyses existing evidence on financial literacy levels, record-keeping behaviour, and investment preparedness among rural farming communities in India. The findings indicate that low financial literacy and poor record-keeping practices remain major problem to investment readiness. Studies consistently show that farmers with higher financial awareness and systematic record keeping demonstrate better access to credit, improved financial planning, and greater adoption of agricultural technologies, even had great profit. The study highlights the need for policy-driven financial education and standardized record-keeping frameworks to strengthen investment readiness and promote sustainable rural development.