Financial Inclusion and its Impact on Women's Empowerment in Rural Areas

Abstract

Financial inclusion is the process to develop women entrepreneurs in rural areas. Self-help group has been working in the right direction by empowering women, and it helps eradicate poverty in rural and urban areas. There is an improvement in the financial sector which transforms into a country’s economic growth. The rise of women's financial literacy rate compared to men is also one of the factors for the lift of the economy. Though educated women are found to be aware of financial inclusion, they are the inactivated member in financial matters. Financial literacy is essential to starting a business for women to take their own financial decisions. This study reveals an increase in levels of self-confidence and self-esteem of women entrepreneurs, indicating positive changes in their development.