FINANCIAL LITERACY AND WAR WIDOWS IN MAHARASHTRA

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing therefor the objective of this paper is to know the financial literacy status among the War Widows in Maharashtra. A number of researchers have tried their hands to put forth the changes. On contrary a diminutive work has been done in the field of financial literacy & war widows. The contribution of the War Widows in the economy will contribute to their own welfare as well as the nation’s economic growth. Women are accountable for the household budget, household expenses, and savings for the emergency fund as well as income generation in such situations. Since, we are in a rising economy in the world, many financial transformations are happening. On the other hand, many financial malpractices, smooth fake activities are also happening in our society especially in rural areas. This is because a lack of awareness in financial literacy. Hence, financial literacy plays a very important part to connect the women and war widows in financial inclusion preventing them from financial malpractices and including them in a present economic growth.