International, Peer reviewed, Refereed, Open access, Multidisciplinary Journal
Women entrepreneurs in India contribute significantly to economic growth, employment generation, and social transformation. However, their ability to sustain and expand business ventures is closely linked to the level of financial literacy they possess. Financial literacy, encompassing knowledge of budgeting, credit management, savings, investments, taxation, and digital finance, plays a pivotal role in enabling women entrepreneurs to make informed decisions, access credit, and manage risks effectively. This study adopts the Systematic Literature Review (SLR) method to critically examine the relationship between financial literacy and the growth of women entrepreneurs in India, drawing on peer reviewed journals, policy reports, and empirical studies published.
The review highlights that, while government programmes such as the Pradhan Mantri MUDRA Yojana, Stand-Up India Scheme, and financial inclusion initiatives under Jan Dhan Yojana have created opportunities, significant gaps persist in awareness, accessibility, and utilisation of financial services by women entrepreneurs, especially in rural and semi urban regions. Case studies, including SEWA’s microfinance model and capacity building efforts by NGOs, illustrate how targeted financial literacy interventions have improved business outcomes. The analysis reveals that women with higher financial knowledge demonstrate better cash flow management, greater adoption of formal credit, and stronger resilience to market fluctuations.
The paper concludes that enhancing financial literacy through coordinated public sector, private sector, and academic interventions can serve as a catalyst for scaling women led enterprises in India. Strategic recommendations are proposed to integrate financial education into skill development programmes, leverage digital platforms for outreach, and foster peer led learning networks, thereby bridging gendered gaps in entrepreneurial growth.
International Journal of Advanced Academic Studies
Research Journals