A STUDY ON THE FINANCIAL LITERACY AMONG WOMEN IN MALAD WEST

With the beginning it was the period where financial related terms were not complicated but because of changing social, economic, financial reform it has been become difficult to understand financial related terms and it has been become more challenging for women to under financial terms and related education. The level of financial literacy among women were of malad west area was very low and horrible. The purpose of the research paper is to understand the financial literacy amongst working and non working women and it investment preference, and socio demographic factors affect women and government also has taken various measures and initiatives to make women financially literate and provide them a bright future by making them financially aware. Union budget 2023 In the union budget of 2023 the finance minister nirmala sitaram has announced New savings schemes for women and girls Mahila Samman Bachhat patra in this patra one time new small savings schemes (NSSS) and Mahila Samman Saving Certificate (MSSC) and this made available for upto 2 years period till 2025 march. This provide deposit facility upto 2 lakhs for 2 years tenor period . Women will get 7.5 % interest rates under (MSSC) schemes with partial withdrawal option .Niveshak Didi Niveshak Didi program was launched in 2022 to improve financial literacy among women” by the women for the women” and it was the first mobile financial literacy camp by the Indian post payment bank in Jammu and Kashmir Srinagar: Key Words: Female domestic workers, Digital India, Digital wallets