Financial Knowledge and Agripreneur Success: A Review of the Literature

Year : 2024 | Volume : | : | Page : –
By

Paramjit Kaur

  1. Research Scholar School of Business Studies, Punjab Agricultural University, Ludhiana Punjab India

Abstract

The agricultural sector has experienced a profound transformation in recent years, evolving from a historically overlooked industry dominated by small family businesses into a dynamic and high-tech field. This transformation can be attributed to a multitude of factors, including economic liberalization, reduced market protection, increased access to credit facilities, governmental schemes, subsidies, and shifting societal dynamics. In this comprehensive review, we delve into the intricate relationship between financial knowledge and the success of agripreneurs, a group of entrepreneurs operating within the agricultural and allied sectors. The study focuses on the examination of existing research to understand the impact of financial literacy on the overall success and sustainability of agripreneurs, with a particular emphasis on three key dimensions: financial well-being, financial literacy, and financial information sources. The review finding will reveal a positive correlation between financial literacy, knowledge, and the well-being of agripreneurs. Agripreneurs who possess a deeper understanding of financial concepts will tend to experience higher profitability, greater capacity to seize growth opportunities and enhanced resilience in the face of economic downturns. Promoting financial literacy and providing resources to enhance the financial well-being of agripreneurs is paramount for their success.
This review emphasizes the critical role of policymakers, agricultural institutions, and financial organizations in supporting Agripreneur’s financial well-being. Tailored financial education, improved credit access, and risk mitigation are vital in the given context. Financial knowledge significantly impacts Agripreneur success, enhancing resilience and prosperity, benefiting individuals and the economy. This study also suggests future research directions for the given research domain.

Keywords: Financial knowledge, agripreneurs success, financial literacy, financial well being

How to cite this article: Paramjit Kaur. Financial Knowledge and Agripreneur Success: A Review of the Literature. Research & Reviews : Journal of Agricultural Science and Technology. 2024; ():-.
How to cite this URL: Paramjit Kaur. Financial Knowledge and Agripreneur Success: A Review of the Literature. Research & Reviews : Journal of Agricultural Science and Technology. 2024; ():-. Available from: https://journals.stmjournals.com/rrjoast/article=2024/view=145857




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Ahead of Print Subscription Original Research
Volume
Received April 6, 2024
Accepted April 11, 2024
Published May 7, 2024