A Study of Literature Review on Financial Lit...

A Study of Literature Review on Financial Literacy

Author Name : Mrs. Indrayani Abhay Uthale, Dr. Jaymin Arvind Shah

DOI: https://doi.org/10.56025/IJARESM.2023.1205242539

ABSTRACT Financial literacy plays an important role in the socio-economic development of a country besides political and legal factors. All countries are trying to develop their financial system to achieve the goal of economic development through financial inclusion. Still, the success of this financial inclusion depends on financial literacy among the people. A woman plays an important role in the economic development of the country. In India, as 50% population are women their contribution to economic growth is a must. Women must be literate to be economically strong. Women's education is essential for improving their status in society and empowering them to be empowered. Women in the country must know different financial concepts so they can understand the implications of various changes in different economic policies, and they can make proper financial decisions. The present study will focus on the factors like Behavioural and socio-demographic factors that influence the financial literacy of women in the education sector and IT professionals in various parts of India and explain some remedies to overcome the problems faced by working women regarding financial literacy