ISO 9001:2015

EMPOWERMENT OF TRIBAL WORKING WOMEN THROUGH FINANCIAL LITERACY IN INDIA

Nang Rasami Thamoung

India being the third-largest economy and emerging economic power house in the world. Still awareness about money and finance has not penetrated enough among some demographic groups. As per National Centre for Financial Education (NCFE Report, 2019) 75 per cent of Indians are Literate but only 27 per cent of adults are financially literate which mean only 27 per cent of the Indian adult understand the fundamental of savings, investment, debt, and budgeting. According to the Humanity Welfare Council, around 80 per cent of the Indian women struggle with financial literacy, and around 62 per cent of Indian women do not have bank accounts and have limited access to banking services. This statistical figure shows the stark picture of the dismal levels of financial literacy and freedom among Indian women. And to make India become next largest economy, half of its population can play a crucial role in the economic growth, for which the Indian women need to be financially empowered. Though, the modern woman has begun to unlock her true potential and is dominating in various field and is creating a better and evolved ecosystem for the society, which make the knowledge of financial literacy even more essential to enable them to navigate the challenges and break the barriers. The tribal women in the state like Arunachal Pradesh occupy an economically significant place that is reflected in the socio- economic equalities observed in the attitudes and practices in the tribal society. In tribal communities the role of women is extensive and essential, merely because they very hard working and family economy and management relie upon them (Mitra, 2008).by empowering the women with resources and financial knowledge, we will be able to bridge the gender gaps in financial literacy, so its crutial to priorities and invest in women financial literacy for women and India to progress. The present study aims to understand the level of financial literacy among the Tribal working women of East Siang Distict in Arunachal Pradesh and to highlight the key benefits and necessity of financial literacy for women empowerment.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download