Empowering Women through Financial Literacy in India

Archana  Pal

Abstract

Today, women are making their mark in every field. Their contribution is remarkable to society aswell as to the economy of any country. If we talk about women’s empowerment in the present scenariowhere 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 tomake informed and effective decisions with all of their financial resources. Some of the women areserving the highest position at their work and also have decision-making power. Despite this, womenare found to be illiterate in financial matters. Women have to widen their horizons a little bit in thefield of finance. It is but obvious that if we have lower exposure to a certain area then our confidenceabout that area is less. This paper highlights the need to bridge the financial literacy gap amongwomen and promote confidence in their financial decision-making. This paper will discuss thefinancial literacy among women in India. It can be used as a tool to empower women for sustainabledevelopment in a country.

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