02 March 2023

#EmbraceEquity To Move Towards Financial Inclusion

K S Rao
Any dialogue about women’s empowerment cannot be complete without mentioning the need for financial inclusion as it grants women the power to live life on their own terms, meet their needs and achieve their goals without having to depend on anyone. Even in this day and age, knowledge of basic financial concepts remains elusive for most women. Watertight gender roles have kept women away from financial decision-making and the majority of them have depended on their parents, brothers, or husbands to manage finances. While the number of women who contribute to household finances has increased significantly in the last decade, they rarely take investment decisions by themselves. Lack of awareness about financial tenets is a major cause of the lopsided participation of women. Roadblocks There are multiple reasons behind the dismal trends of women’s financial inclusivity....
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