JJEM: Special Edition 3 (January 2025)
JJEM: Special Edition 3 (January 2025)
2025-01-20
Women's Economic Empowerment through Financial Inclusion: A Pathway to Poverty Alleviation
Devaraju N, Varshitha A
The raise in financial inclusion programs can aid in lessening poverty among urban poor women in Bangalore, India. Financial inclusion means providing key financial services - such as banking, credit, and insurance to underserved communities. These services can empower women, boost economic growth, and reduce poverty, especially when tailored to meet women's specific needs. However, challenges like low awareness, cultural barriers, and economic inequality prevent women from fully benefiting from these programs. The research suggests actions to address these issues, including awareness campaigns, financial literacy programs, custom financial products, and increased access to small loans for women entrepreneurs. Financial inclusion can reduce poverty by giving women access to financial services, helping them achieve greater economic stability. The research acknowledges the need for fair and inclusive financial programs, calling for more financial education, support for women-led businesses, and shifts in cultural attitudes toward financial independence for women.
Financial Inclusion, Poverty Alleviation, Empowerment of Women.