Improving Financial Literacy Among Women: The Role of Universities

Abstract

The aim of this research paper is to analyze the NCFE report on financial literacy and financial inclusion in India on the basis of occupation, geographical area and gender mix. The report is analyzed while considering these parameters and it shows that urban population is more financially literate than rural population, similarly men are more financially literate than women. Same is the case with financial inclusion part where urban population has scored more points on financial inclusion as compared to rural population while men have scored more points than women. This paper also throws light on NCFE report on financial education in school which can help the future generation by making them more financially aware about managing their finances and also highlights the role of universities in boosting financial literacy, taking example from the Bank of America sponsored CFPTRW at Banasthali Vidyapith, Rajasthan.

Keywords: NCFE, Financial Education

JEL Classification: D14