Main Article Content

Abstract

Financial literacy is the blend of one’s knowledge, attitude, skill and awareness towards financial matters. Women empowerment is the empowerment of women which helps them to take their own decisions by breaking all personal limitations of the society and family. Women empowerment and financial literacy are related to each other. In this paper, overall perception, awareness and practices relating to financial literacy of women has been studied and found that perception is very high but practices are very low among women respondents.. However practices of financial operations is significantly less than perception but better than awareness. The reason of practices score is better than awareness score is most of women respondents opened savings account under Jan Dhan Yojana or they have joint account with their spouse. But these accounts are either inactive or operated by their family members. This research paper also found that there is no significant association between age and occupation  of respondents and financial literacy awareness, but  awareness is related to income and qualification . However there is significant association between age, income, qualification and occupation and  financial practices of women respondents.  Low educational level and poor family income are significant factors responsible for low financial literacy awareness of women in M ward.

Article Details