Financial awareness is relatively lower among residents of towns and smaller cities, compared to metros. And the reasons for this include, among others, lower income generation and limited access to specialized financial advice. A majority of the people own small businesses or are dependent on agricultural income. So, they mostly juggle between saving for personal use and reinvesting to grow their businesses. It was no different for a dentist couple from Gondia in Maharashtra till they sought professional help. Dr Akshat Agarwal (31) set up a dental clinic, Kids and Family Dental Centre, in 2019. The next year, he got married and his wife, Sonal Agarwal, also a dentist, joined the clinic as a co-owner. They had a son a year later.
Financial awareness is relatively lower among residents of towns and smaller cities, compared to metros. And the reasons…