A COMPREHENSIVE REVIEW ON THE INTRICATE RELATIONSHIP BETWEEN FINANCIAL INCLUSION AND WOMEN’S ECONOMIC EMPOWERMENT

Abstract

This study offers insights on financial inclusion for women's empowerment based on earlier research.  Half of the population is women & girls, if we consider their involvement in formal financial system it will double the growth rate of economy. For Inclusive Growth of Country, Financial inclusion becomes the priority. Financial inclusion ensures the inclusion of all the class of the society in economic growth of country. It is important that the hard-earned money of poor people come into the formal financial system and not get clutch into the vicious circle of private money lender. Efforts are already been put to include the financially excluded people but this study throws light on specifically women entrepreneur (i.e. including women in formal financial system). Several study have already been done on the financial inclusion and women empowerment individually and here review of all several research has been done. Researcher found four dimensions namely availability (affordability), regularity, adaptability and attainability of financial needs. This study directed to understand the importance of financial inclusion for women empowerment as well as How economically empowered women can change the whole game of the economic growth as being the part of formal financial system.