Paper Contents
Abstract
Background: People invest money out of their excess income for various reasons such as financial stability, gain additional returns, meet uncertainties in future, and so on. Be it is formal sector employees or informal sector workers all are trying to save a portion of their income and save it in right investment avenues which suits their needs and requirements. Beedi workers are fall under informal sector of the economy and they are among the most vulnerable and economically disadvantaged groups, often facing financial constraints and low-wage earnings.Objectives: The study aims to examine the investment patterns of beedi workers in India using secondary data sources. The objective of the research is to gain a better understanding of the factors influencing investment pattern of beedi workers in India. The study analyses data from various sources, including government reports, financial institutions, and academic journals, to provide insights into the investment patterns of beedi workers in India. Additionally, the study may also highlight the challenges and obstacles faced by beedi workers in making investments, and the role of financial literacy and education in influencing their investment decisions.Methodology: For the study purpose data collected from secondary sources.Key Findings: Beedi workers are earning low wages because of which they are identify the sources where they can invest minimal amount they save after meeting their expenses, such as savings with self-help group, kuree or chit funds.ImplicationsSignificance: The study will contribute to the existing body of knowledge on the financial behaviour and practices of low-wage workers and inform future research on financial literacy and financial well-being of beedi workers in India.
Copyright
Copyright © 2023 HARINAKSHI. This is an open access article distributed under the Creative Commons Attribution License.
