Monday, 14 Oct, 2024

+91-9899775880

011-47044510

011-49075396

Short Communication: Financial Inclusion of Women in India: Issues, Challenges, and Solutions

International Journal of Banking, Risk and Insurance

Volume 9 Issue 2

Published: 2021
Author(s) Name: Hemma Guptaa | Author(s) Affiliation: Market Expert, India
Locked Subscribed Available for All

Abstract

Click Here:Access Full Text

Financial inclusion of women in India has improved over the years, but we are still in the beginning phase and there is a long way to go. Around 80% of the Indian women are financially illiterate; with dedicated training and guidance, these women can be taught to invest and create wealth, avail government benefits, and establish a career for themselves, thereby leading to women empowerment. There are several factors that has led to the improvement, the most recent being demonetisation. It forced people, especially women in the home, to open bank accounts to park excess savings. Furthermore, COVID-19 turned more people towards the financial markets to find genuine investments for their savings. In this paper, an attempt has been made to analyse the current situation of financial inclusion of women, identify issues and challenges, and suggest solutions and strategies to improve and increase the inclusion of women in the finance sector, which is critical for the development of our nation.<

Keywords: Financial Inclusion of Women, Financial Inclusion, Financial Literacy, Gender Equality

View PDF

Refund policy | Privacy policy | Copyright Information | Contact Us | Feedback © Publishingindia.com, All rights reserved