INDIA@75: Financial Literacy of Rural Women in Gujarat State
Keywords:
Financial Literacy, Rural Women, Money Knowledge, Indian Economy, Azadi ka Amrit Mahotsav, India@75Abstract
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.
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