IMPACT OF FINANCIAL LITERACY PROGRAMME ON FINANCIAL AUTONOMY AMONG SCHOOL GIRL'S FOR ECONOMIC EMPOWERMENT

Financial literacy involves an individual’s ability to interpret and understand basic financial concepts and apply that knowledge to make informed decisions related to finance in their day to day activities as also applicable as lifelong learners. As per Human Development Report 2021-22 India ranked 132 with 0.633 HDI value where 19.2% is labour force participation rate of women (age 15 & above) and 13.4 % seat share in parliament. In total population 94 is the sex ratio (2012 census) means out of 100 male members in the society women are 94, whereas National Family Health Survey 5 (2019-21) recently says its 929 i.e out of 1000 male members 929 is the number of female members exists. Hence women empowerment is the need of the hour for better development of the society and economy as a whole.
Life skill educational practices involve developing leadership, communication, collaboration, cooperation and management skills in day to day activities, all of which are extremely important for personal development of students, especially for girls. There are many benefits to being financially literate which brings more development, innovation through use of more technologies and more economic cum social prosperity. The key role students would be playing is saving, managing pocket money, understanding the power of compounding, accumulating wealth, learning debt and even retirement planning. Financially literate students are able to understand better macroeconomic problems and make informed decisions related to fiscal and monetary policies, scope and limitations of new start-ups and how to take calculated risks.
Based on this research, I would like to bring the impact of financial literacy programme on financial autonomy in school girls’ students for economic empowerment. Hence financial literacy and financial autonomy should be encouraged and practiced in school years and it should be included in school education, where students learn & engage more.