Comprehension of Financial Literacy Programs in India as Gateway to Empowering Women: Gauging through Case Study Approach

Abstract

Overtime India has emerged as a global economic powerhouse; certain demographic groupings still lack general knowledge about economics and money. There has been an increasing recognition of the women entrepreneurs playing a substantial role in driving the economic growth and fostering innovation. Governments around the world have progressively focused their attention on supporting and empowering women in the business landscape. In India, various government schemes and initiatives have been introduced to provide women entrepreneurs with the necessary tools, resources, and opportunities to succeed in the competitive business world. Existing financial literacy programs for Indian female entrepreneurs need evaluation to gauge effectiveness, measure their impact, and identify participation barriers. This research aims to assess programs, study their influence, and inform improved initiatives. The study attempts in showcasing real-life success stories of the women entrepreneurs who have benefited from the scheme's financial assistance and mentorship, potential challenges, and its contribution to fostering a culture of the women entrepreneurship & the social entrepreneurship. The study assesses the effectiveness of these programs in providing guidance, skill enhancement, and networking opportunities to the aspiring and also the established women entrepreneurs. While taking into account the many socioeconomic environments that women operate in, the study offers insights into the policy measures that can best promote and empower women to become active participants in economic growth.