Financial literacy is essential for empowering individuals and ensuring the economic growth of a nation. In India, a large portion of the population still lacks basic knowledge about savings, investments, insurance and digital payments. This affects their ability to make informed financial decisions. Increasing financial literacy helps people protect themselves from fraud, avoid excessive debt, and plan for the future. Government initiatives such as Jan Dhan Yojana, digital banking awareness campaigns, and school-level financial education are playing an important role. Despite progress, rural areas and low-income households still have limited access to financial knowledge. Banks, NGOs and educational institutions must work together to spread awareness. In conclusion, improving financial literacy is key to building a financially secure and self-reliant society.