A STUDY ON FINANCIAL INCLUSION FOR WOMEN EMPOWERMENT IN INDIA

Abstract

Women's financial inclusion is essential to achieving gender equality in society. Women's empowerment and economic advancement go hand in hand through higher income, skill development, access to resources and services, and decision-making authority at different stages of life. Empowering women helps they progress both socially and personally by providing them with the resources they need to seize chances and achieve their goals. The advancement of an inclusive society requires the empowerment of its women. Particularly for the disadvantaged and marginalised segments in society, inclusive growth that is built on equality for all individuals Inclusion implies the social and economic integration of all citizens. Women's true "emancipation" depends on their having financial freedom. Financial empowerment makes gender equality achievable more quickly. Nonetheless, it's estimated that 35% of women worldwide experience financial exclusion. Lack of education is one of the biggest obstacles keeping women from accessing institutional financing. Without appropriate literacy, it is very difficult for both men and women to understand and value the significance of formal money in their lives. People usually find it difficult to use the savings and loan products provided by financial organisations because of this. To increase financial literacy, one needs to have at least a basic education. Nonetheless, the condition for female literacy is not good. By mainstreaming individuals and groups who are financially excluded, financial inclusion strives to promote inclusive growth. The supply and delivery of financial services to society's most vulnerable groups. The involvement of women in the financial system is essential for India's inclusive growth and sustainable development. The current study aims to clarify how women's empowerment via formal financial inclusion supports equitable growth