An Empirical Study on Financial Awareness and Financial Literacy among Women Working in Unorganised Sector in India

JAYASREE VENKITACHALAM

doi:10.36948/ijfmr.2023.v05i05.6462

An Empirical Study on Financial Awareness and Financial Literacy among Women Working in Unorganised Sector in India

Author(s)	JAYASREE VENKITACHALAM
Country	India
Abstract	There has been a corresponding rise in demand for education and financial literacy as more and more women recognize how critical it is to become financially independent in order to empower themselves. Any financial choice an Indian woman makes is unlikely to be influenced by her personal preferences, but rather by the other family members. This is due to the fact that the families of Indian women frequently make investment decisions. The importance of women's contributions to the prosperity of the world and the economic empowerment of their communities will rise in the not-too-distant future. As a result, women are more in need of economic empowerment, which may be attained by gaining better financial literacy, adopting a more optimistic attitude toward money, and improving their financial well-being. To boost the percentage of women interested in investing, investment programs should be introduced that are explicitly targeted toward women and beneficial for their future in some way. People are better able to make wise financial decisions and efficiently manage their resources when they have a basic understanding of finances. In order to pursue social and economic prosperity, awareness initiatives and financial literacy are very required for the working women in the unorganized sector. In order to better understand the level of financial literacy and awareness among the general people, academics have conducted a number of studies. The goal of paper is to raise the degree of financial literacy of women because they currently have a big say in how their country will develop.The number of women engaged in the work force in India is rising significantly.
Keywords	Keywords: Financial Awareness , Literacy , Unorganised Sector and Economic Development.
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-15
Cite This	An Empirical Study on Financial Awareness and Financial Literacy among Women Working in Unorganised Sector in India - JAYASREE VENKITACHALAM - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6462
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6462
Short DOI	https://doi.org/gsqr3p

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An Empirical Study on Financial Awareness and Financial Literacy among Women Working in Unorganised Sector in India

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