Bridging the Gap Between Financial Capability and Financial Wellbeing: Role of Financial Self-Efficacy Among Organic Farmers.

The paper aims at developing an integrated model that can confirm the importance of "financial self-efficacy" as a mediating variable in the relationship between financial capability and financial wellbeing of organic farmers in Kerala. Data was collected from 425 organic farmers from Wayanad and Idukki districts of Kerala. A standardized questionnaire with a five-point Likert scale was used to collect data. Structural Equation Modeling (SEM) with Analysis of Moment Structures (AMOS) was used to analyze the data. The results reveal that financial self-efficacy is a partial mediator in the relationship between financial capability and financial wellbeing, and therefore plays a significant role. The results also confirm that gender, age, marital status and religion are the factors that influence the financial self-efficacy of organic farmers in Kerala. [ABSTRACT FROM AUTHOR]