Financial literacy is the possession of knowledge and understanding of financial matters. It is also termed as financial education, financial knowledge and economic education. The absence of financial literacy may lead to making poor financial decision that can have adverse effects on the financial health and wellbeing of an individual. Therefore, financial literacy initiatives have been started in many countries throughout the World. An attempt is made to summarize available literatures of this filed and find out gaps.  The study is carried out to measure the level financial literacy among the people of Kamrup (M) district of Assam and to identify and analyze the socio economic variables of the respondents and its impact on the level of financial literacy.

KEY WORDS: Financial literacy, Literature review, Measurement, Demographic & Socio-economic variables.