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Financial Literacy and Its Effect on Economic Empowerment Among Self Help Group Women Members

Author

Listed:
  • Sophia Johnson

    (AL Ghurair University, Dubai. Author-2-Name: Suganya Selvaraj Author-2-Workplace-Name: Karunya School of Management, Coimbatore. Author-3-Name: Sakthivelrani Author-3-Workplace-Name: Business Administration, Kalasalingam University, Krishnankoil, Tamil Nadu, India.)

Abstract

Objective � This study aims to explore financial literacy and its effects on economic empowerment among the self-help group (SHG) women members who are from the Virudhunagar District of Tamil Nadu, India. Methodology/Technique � Data were randomly collected from 400 SHG women members who were from 11 Blocks of the Virudhunagar District. The techniques used were the Financial Literacy Scale and Economic Empowerment Questionnaire which were developed and standardized for the study. Descriptive analysis, quartile and f-test were used to analyse data. Findings � The study reveals that financial literacy, like saving skills, financial knowledge, borrowing skills and investment skills, play a very significant and vital role in the economic empowerment of the self-help group women members in the Virudhunagar District. Novelty � Financial literacy like saving skills, financial knowledge, borrowing skill and investment skills play a very significant role in empowering women in the Virudhunagar District.

Suggested Citation

  • Sophia Johnson, 2016. "Financial Literacy and Its Effect on Economic Empowerment Among Self Help Group Women Members," GATR Journals jfbr111, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr111
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    Citations

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    Cited by:

    1. Gregor Dorfleitner & Quynh Anh Nguyen, 2024. "Mobile money for women’s economic empowerment: the mediating role of financial management practices," Review of Managerial Science, Springer, vol. 18(7), pages 1807-1836, July.
    2. Tatiyaporn SIRISAKDAKUL & Butsakorn KHORNJAMNONG, 2020. "Financial Literacy and Retirement Planning of Working-Age People," GATR Journals jfbr177, Global Academy of Training and Research (GATR) Enterprise.

    More about this item

    Keywords

    Financial Literacy; Economic Empowerment; Self Help Group; Financial Knowledge; Women Empowerment.;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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