International Women's Day 2024: This is how fintech enables financial inclusion of women
Also Read: International Women's Day 2024: 7 financial habits to help you boost your finances Financial inclusion plays a pivotal role in empowering women in India. Providing women with access to essential financial services such as banking and credit can foster their financial independence and bolster the nation's economy.
Recent government initiatives aimed at promoting financial literacy have encouraged women's participation in skill development and entrepreneurship programs. These efforts not only help close the gender divide but also have the potential to spur economic growth and development.
Also Read: Women's Day 2024: Stock market to mutual funds - top investment opportunities for women There is an opportunity to introduce tailored financial products designed specifically for women, which could stimulate economic activity, create employment opportunities, and drive growth.
Financial institutions can customise their offerings to cater to women's needs, such as offering flexible repayment plans, lower interest rates, and specialised financial education programs. By empowering women with the knowledge and skills to make informed financial decisions, these initiatives can enhance their access to credit and promote their overall well-being.
Also Read: International Women's Day 2024: Find out how Indian women wish to close gender pay gap while ensuring work-life balance Collaboration between fintech companies and traditional financial institutions is essential for advancing financial inclusion for women.
