Enhancing Financial Inclusion Among Women in India: Key Barriers and Strategies

Abstract

The purpose of presenting the literature review chapter is to present credible data insights that exist and support the way towards conducting the study further. Reviewed literature information highlights how people have a greater capacity to make smart choices about their money, which lessens their risk of being scammed and protects their financial health. To effectively lower this risk, it is important to challenge societal expectations and improve collective financial choices. A wealth of research shows that increased self-assurance aids in boosting women's negotiation abilities, enabling them to grasp their surroundings and financial services more effectively. Securing lasting changes in behaviour and improved handling of finances necessitates ongoing financial support and consistent encouragement.

The purpose of the result chapter is to illustrate the information obtained using the mixed method technique. This phase assessed the main and secondary data, both of which are essential for additional data analysis to determine the research’s final conclusion. The analysis focuses on women's financial inclusion in India, through an evaluation by statistical and thematic analysis. It looks at the barriers and benefits of accessing finances using demographic variables and correlation as well as regression analysis. This research underscores the strong interrelationship between global benchmarks and the logistics of change, providing numerous issues and healthy prospects. The thematic analysis identifies the cultural, economic and logistical determinants behind the affordability and access to the finance industry, which is very relevant considering the current strategies and their implementations. Finally, this research is focused on the problem of increasing financial inclusion for women in India with particular emphasis placed on the need for having multiple strategies to deal with the ingrained barriers to women’s access to financial services. The chapter explains the importance of financial education, policy advocacy, and cultural sensitivity in promoting women’s economic empowerment. It proposes the use of unique tools such as mobile banking and digital finance to address the problems that women encounter, more so in rural areas. The chapter also outlines the constraints of the study and proposes areas of aspiring research, especially broader sampling and cross-country comparisons.