Author: Dr. Santosh B. Gaikwad
DOI Link: https://doi.org/10.70798/Bijmrd/04031020
Abstract: Financial literacy has emerged as a key enabler for economic well-being, particularly in developing regions like Maharashtra, India. This paper examines how financial literacy impacts financial empowerment among diverse populations in Maharashtra, analyses the opportunities created by current financial initiatives, and identifies ongoing challenges. Using secondary data from government reports, academic studies, and economic surveys, the research highlights the relationship between financial knowledge and financial decision-making techniques, savings behavior, credit access, entrepreneurship, and gender equality. Policy recommendations are also proposed to enhance financial literacy and thereby strengthen inclusive economic growth.
Keywords: Economic Empowerment, Financial Literacy, Maharashtra, Financial System, Linguistic Barriers.
Page No: 112-116