Empowering Women through Financial Literacy in India
Keywords:
Financial inclusion, financial literacy, women empowermentAbstract
Today, women are making their mark in every field. Their contribution is remarkable to society as
well as to the economy of any country. If we talk about women’s empowerment in the present scenario
where time rapidly changes, it demands not only literacy but also financial literacy amongst women.
Financial literacy is the possession of the set of skills and knowledge that allows an individual to
make informed and effective decisions with all of their financial resources. Some of the women are
serving the highest position at their work and also have decision-making power. Despite this, women
are found to be illiterate in financial matters. Women have to widen their horizons a little bit in the
field of finance. It is but obvious that if we have lower exposure to a certain area then our confidence
about that area is less. This paper highlights the need to bridge the financial literacy gap among
women and promote confidence in their financial decision-making. This paper will discuss the
financial literacy among women in India. It can be used as a tool to empower women for sustainable
development in a country.
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