Volume 20 No 13 (2022)
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FINANCIAL LITERACY AMONG WOMEN IN INDIA: A REVIEW
Dr. Zeba Rushi
Abstract
Various financial and economic reforms began, expanding the coverage of the entire market. More new financial products are coming to market to help people plan and invest their finances wisely. In other words, financial planning becomes essential to your financial well-being. On the one hand, although the role of financial planning is widely recognized, the importance of financial literacy, especially for women, lags behind. Also, the level of financial literacy of Indian women is largely undocumented. Therefore, it is necessary to understand the issue of financial literacy of Indian women in detail. This article is an attempt in that direction. While empowering women to make financial decisions like men is essential, many Indian women face a variety of cultural, financial, psychological and physical barriers that prevent them from being financially literate. Although governments are working to eradicate financial literacy among the people, there is a wide gap in the level of financial literacy between men and women. Therefore, we need to introduce more financial education programs for women and open new universities to educate women. This will increase women's independence and opportunities, as well as contribute to the growth of the entire population
Keywords
Financial Planning, Financial literacy, Financial Inclusion
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