![]() This study proposes a hypothesised research model which is one of its kinds to demonstrate the influence of financial literacy on financial access and performance of MSMEs. These training modules will contribute to the nation’s economic growth by virtue of enhanced performance and superior financial access. The study conceptualises a research model which can be used by the policymakers to develop training modules for entrepreneurs. The literature also revealed that there is no standardised methodology to measure the financial literacy of entrepreneurs. access to formal finance, lending policies of financial institutions, ease of doing business and training programmes have a substantial influence on the survival of the firms. It has been found that financial literacy improves performance of an enterprise, particularly when the funds are readily available as insufficient funds disrupt the operating efficiency of the firm, thereby hindering its growth and survival. The level of financial literacy of entrepreneurs around the world is generally low. After removing the 237 studies based on selection criteria, 67 studies have been found relevant for the present study. Systematic literature review has been undertaken by identifying 358 studies from various sources. ![]() The present study identifies the measures to enhance the level of financial literacy for increasing financial access and performance of enterprises. This paper aims to study the level of financial literacy of entrepreneurs across the globe and its role in financial access and performance of micro, small and medium enterprises (MSMEs) based on a systematic review.
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