THE IMPACT OF NATIONAL FINANCIAL LITERACY ON FINANCIAL INCLUSION IN PAKISTAN (A CASE STUDY FOR 3 DIFFERENT AREAS OF PAKISTAN)

Abstract

Financial Inclusion has become hot topic ofthe economic world specially for developing nations. Institutions of Pakistan has proven its best to address Financial Inclusion. There are multiple variables that predicts the Financial Inclusion in any state. These predictors vary from region to region especially due to change in demographical aspect. Financial inclusiveness will be considered as dream without education and financial literacy. The purpose ofmy study is to assess the impact of Financial Literacy, Qualification and income levels on financial inclusion through Bank Account. To evaluate the impact, a questionnaire was prepared and circulated to three different regions of Pakistan considering their characteristics and to ensure balance in the study. The study employs multiple regression technique to evaluate the impact. It was observed that income levels are significant predictor of Financial Inclusion followed by Qualification and Financial Literacy. Further, research also shows the inclusion of female to a very low level in Pakistan especially in rural areas.