INDIA@75: Financial Literacy of Rural Women in Gujarat State

INDIA@75: Financial Literacy of Rural Women in Gujarat State

Authors

  • VRUSTI JOSHI

Keywords:

Financial Literacy, Rural Women, Money Knowledge, Indian Economy, Azadi ka Amrit Mahotsav, India@75

Abstract

Economic growth and financial literacy are interconnected. Financial literacy must exist for people who engage in the economy actively. As per the report conducted by the Global Financial Literacy Excellence Center, only 24% of the Indian adult’s population are financial literate. In comparison of other country India have to focus on its financial literacy rate. Even though rural women’s more involvement in their families and social household work, her representation in the financial sector is minimal due to their low level of financial knowledge. Therefore, financial education is necessary for the empowerment of this section of society. India is at development stage. Day by day the economy is expanding and as a base, A strong financial education would enable them to benefit from better incomes in return. This paper aims to analyze the present status of financial literacy and different barriers for attaining financial literacy among rural women of Gujarat State. When India celebrates its 75 years of independence, the Prime Minister if India Announced major scheme related to strengthen an Indian economy and his dream that at earliest stage India would be reached to world’s 3rd largest economy. As a part of the celebration, every Indian took less or more part in Azadi ka Amrit Mahotsav.

Downloads

Download data is not yet available.

References

 Prawitz Aimee.D (2014) “Workplace Financial Education Facilitates Improvement in Personal Financial Behaviors”, Journal of Financial Counseling and Planning Volume 25, Issue 1, 2014, pp5-26.

 Priyanka Agarwal, Dr. (Mohd) Shamim Dr. Suman Yadav, Radhika Kureel (2015) “A study of Financial Literacy among working women in Educational Sector of Jhansi District, with special reference to investment avenue”. IJARSE 101 No.4 special issue (01) May 2015 ISSN 2319-8354(E)

 Martha Klatt. An Assessment of Women's Financial Literacy, the Graduate School University of WisconsinStout Menomonie, WI, 2009.

 Arora Akshita, (2016), “Assessment of Financial literacy among working Indian Women”, extracted fromhttp://www.researchgate.net/pubilcation/298790053

 Rani Amutha, (2017), “A Study on the level of financial literacy among rural women in Virudhunagar District”, IJARIIE ISSN(O)-2395-4396, Vol-3 Issue-2 2017, pg. 86-91.

 Lusardi, A. (2009). The importance of financial literacy. NBER Reporter, 2, 13-16.

 Lusardi, 2019 “A study on the effects of financial education and financial experiences on the financial literacy of undergraduate students”, Journal of Consumer Studies, 22(4), 55-75.

 Abdul Haque, Mehwish Zulfiquar, “Women’s Economic Empowerment through financial literacy, financial attitude and financial wellbeing”, “International Journal of Business and social science”, Vol 7, No 3, ISSN 2219-1933, Online 2219-6021, March 2016

 Shetty, Vijetha S. and Thomas, Baby Jaison (2014). A Study of Financial Literacy amongst the College Students in Mumbai. Tactful Management Research Journal, 6-11.

Additional Files

Published

03-03-2024

How to Cite

VRUSTI JOSHI. (2024). INDIA@75: Financial Literacy of Rural Women in Gujarat State. Vidhyayana - An International Multidisciplinary Peer-Reviewed E-Journal - ISSN 2454-8596, 9(si2). Retrieved from https://vidhyayanaejournal.org/journal/article/view/1644
Loading...