Understanding Money Matters

With rapid economic transformation sweeping the country, there is a need to promote greater participation of women in the economic process to not only enhance their well-being but also ensure their meaningful contribution towards realising the full potential of the country. I believe we need to address this challenge in a two-pronged manner - one, make financial literacy an integral part of our education system, as a practical life skill that stands in a good stead for the long term. And two, especially for women, go beyond the ‘knowledge’ aspect of financial management to providing the tools that make it easier for them to apply their learnings. While women are emerging as an important force to reckon with in both formal and informal sectors, a large segment of them, however, have limited financial capabilities. This lack of financial knowledge is not restricted to women in...