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This study evaluates the impact of self-help group (SHG) intervention and entrepreneurial traits of SHG members on the economic and socio-cultural empowerment of rural women. A purposive sampling method has been used to collect a sum of 344 responses from the SHG of women who are engaged in entrepreneurial income-generating activities in their village. A linear regression model has been used to analyse the data. The study found and argues that SHG interventions have a positive association with the economic and socio-cultural empowerment of rural women. The parameters identified and analysed in the study are helpful to the stakeholders to make policy decisions to strengthen all the factors, which are responsible for the success and growth of SHG in general and the micro-enterprise of SHG women entrepreneurs, in particular.

Having a suitable financial plan to take care of present and future financial needs as well as to balance day to day expenditure and savings is considered indispensable given the increased complexity and attention that the investment space taken in the recent times. Appreciating that there is a definitive role of intrinsic elements which can bring about a discipline to engage in the process or personal financial planning, the present study has the objective of understanding the role of self-control and money attitude in impacting personal financial planning. Considering a national sample of salaried individuals, the study has measured and collected data on self-control, money attitude and personal financial planning. Apart from conducting exploratory factor analysis, confirmatory factor analysis establishes a measurement model with satisfactory fit indices. Further, structural equation model exemplifies the positive a strong influence of self-control and money attitude on personal financial planning in presence of demographic factors viz. gender, age, education, income, job and marital status as control variables. The implications for investors, finance professional and academicians are discussed.

Personal financial planning is an emerging area of interest, given the complexities and risks involved in investments and financial markets. As an extension to studies in the field of cognitive and behavioural decision theories, the role of financial cognition (FC) and mental accounting (MA) is examined as antecedents to personal financial planning (PFP) of Indian households and established as a model to represent the same. The study considers factors, that is, financial attitude (FA), risk attitude (RA) and financial knowledge (FK), to measure FC and uses the components of mental budgeting (MB), current income (CI), current assets (CAs) and future income (FI) to study MA as per the behavioural life cycle hypothesis. The study used a structured questionnaire to explore PFP in all the areas of financial interest, that is, cash flow management (CM), investment (INV), insurance (INSU), retirement (RP), tax (TAX) and estate planning (EP). The salaried individuals from different sectors are considered as samples for the study. The data have been collected from all-India representative samples. The analysis has been done with 359 responses from Indian households. The confirmatory factor analysis (CFA) has been used to establish and validates the measurement model.

The goal of the study is to understand the role of parents in developing financial behaviour among young adults. A total of 868 responses of college students in the age group of 18–28 years have been collected to achieve the objectives of the study. The study examines the data to understand the influence of the family’s financial interactions and financial environment in developing a young adult’s financial, psychological, and personal well-being. The study enriches the existing literature in two ways; first, it gives an exposure to the association of perceived financial parenting with the well-being of Indian students. It also highlights the significant indirect effect of financial parenting (through financial coping behaviour) on well-being. The results suggest promoting financial education among parents and guiding them about their role in improving positive financial behaviour among their next generation.

A person’s capability to manage financial matters has become important in today’s world. Availability of different types of sophisticated financial products coupled with the complexity and increased uncertainty of the economy and financial markets have generated a strong move to measure and study financial literacy among investors. The present article aims to analyze the status of financial literacy of college students with three identified antecedents, namely, socio-demographic characteristics, parental influence and attitude towards financial planning. A sample of 425 students from various colleges of the Hyderabad–Secunderabad region was studied to understand the role of the identified antecedents on financial literacy. The results of logistic regression analysis support the hypothesis that financial literacy of Indian college students is influenced by their socio-demographic characters, parental influence and their attitude towards financial planning. While both socio-demographic and parental influences have a positive impact on financial literacy, attitude towards financial planning is observed to have a negative impact.