Financial Attitude Among Farmers in Tenkasi District

Abstract

Farming communities' financial conduct, decision-making skills, and economic well-being are significantly influenced by their financial attitudes. Farmers' views towards savings, credit, investment, and insurance have a big impact on their financial stability in rural areas like Tenkasi district, where agriculture is the main source of income and revenue flows are unpredictable. This study explores the socioeconomic aspects linked to farmers' financial attitudes in Tenkasi area. A representative sample of farmers was given a standardised questionnaire to gauge aspects including planning behaviour, risk perception, savings orientation, and trust in financial institutions. The data was analysed using regression analysis, reliability testing, and descriptive statistics. The results show differences in financial attitudes according to farm size, income, education, and access to formal financial services. In order to strengthen farmers' positive financial attitudes, the study emphasises the need for focused financial literacy initiatives, increased institutional trust, and tailored financial solutions. For governments, banks, and development organisations looking to improve financial inclusion and economic resilience within the farming population in Tenkasi district, the findings provide insightful information.