Study of the Pattern of Small Savings of Tea Garden Workers in West Tripura District

Abstract

In the modern society savings may be a parameter of social status of humanbeings. Amount of savings expose the financial strength of an individual. It has seen that a lot of people among tea garden workers are not able to save even a negligible portion of their heard earn money because of nonpayment of fair wages and non availability of other government and non-government social security schemes available in India. The present study entitled “Small savings of Tea garden workers in West Tripura District” is analyzed on the basis of primary as well as secondary data. The study reveals that savings rate among the tea garden workers are very poor. However, Creation of awareness, increase of financial literacy as well as general literacy rate, extension of social security schemes may increase the rate of small savings among the tea garden workers.