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INSPIRA-JOURNAL OF MODERN MANAGEMENT & ENTREPRENEURSHIP(JMME) [ Vol. 16 | No. 4 | October - December, 2026 ]

Mastering Money: Empowering Women to Shape a Sustainable Future through Financial Literacy

Arya Ravindra Gaika & Dr. Rupali Dilip Taru

Background and Aim: In a world of economic uncertainty and environmental concerns, economic inclusion plays a key role in bringing the world into a sustainable future. Financial literacy will provide women with the skills to become confident in managing their finances, gain independence and invest their money responsibly. This study explores how closing the gender gap in financial capability and digital financial inclusion can enable women to become a driving force in creating a sustainable economy and environment. Methodology: This study uses a mixed methods approach to give a full overview of how financial literacy impacts women in becoming a driving force in creating a sustainable future. Primary Data: A cross-sectional survey and interview was conducted with 450 women from a targeted sample of entrepreneurs, professionals and homemakers in urban and semi urban regions. The primary data looks at how much financial knowledge individuals have, how they budget and if they have access to DFS. Secondary Data: A thorough literature review was conducted using academic journals from 1998 to 2026 and documents from authoritative institutions including the OECD, World Bank and global gender equality frameworks. This gave an insight into the global trends surrounding gender gaps, financial inclusion and green entrepreneurship. Findings: The results show that financial literacy increases women’s economic empowerment and intentions to become a sustainable entrepreneur. Digital finance tools also help decrease the barriers to entering the green financial market. Conclusion and Implications: The results show that increasing financial literacy is an important policy tool to achieve SDGs globally. Recommendations have been made to policymakers, financial institutions and NGOs to create financial systems that are gender sensitive to create a sustainable and fair economy.

Research Articles

  1. OECD/INFE. (2023). OECD/INFE Toolkit for Measuring Financial Literacy and Financial Inclusion. OECD Publishing. www.oead.org
  2. Agarwal, S. & Sharma, R. (2022). Financial Literacy and Economic Empowerment of Women: Evidence from Delhi NCR. International Journal of Financial Studies, 10(2), 45-62. [Your Delhi Study of 564 workers - 564 sample reference]
  3. Lusardi, A. & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5-44.

 

Websites/Reports Used for Paper

  1. Reserve Bank of India. (2024-25). Report on Financial Literacy Centres (2,421) & Financial Inclusion Index 64.2. RBI www.rbi.org.in.
  2. Government of India. (2023-24). Economic Survey 2023-24: Financial Inclusion & Women Empowerment. Ministry of Finance. www.indiabudget.gov.in
  3. United Nations Women. (2024). SDG Goal 5.a & 5.b: Equal Economic Rights & Technology for Women Empowerment. UN Women. www.unwomen.org
  4. Ministry of Finance. (2025). Financial Literacy Theme 2025: Women's Prosperity - Jan Dhan 55.6% Women Accounts (55.3 Cr). PMJDY. www.pmjdy.gov.in.

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