To Study the Moderation Role of Financial Literacy on the Relationship Between Financial Inclusion and Women Empowerment

Abstract

The financial sector is the backbone of every economy of the nation. So the main target is the progress, prosperity, and stability financially in the economy and all the people of the nation should avail these luxuries of life with the advancement of technology. Financialinclusion although plays a very essential role in the growth of an economy of a developing nation. Like it addresses the problems of the needy and low privileged people who don’t have that much access to avail the financial services. In Pakistan where women are up to 48.54% of the total population according to the World Bank collection of the development indicators. And the majority of them refuse to get opportunities and rights which are obligated just because of the financially reliant on male. So financial inclusion is much need for the women because they do saving and they pay for insurance or to get loans. This is also important as it increases the entrepreneurship, and proper product and services for women to get independent. In simple words, financial inclusion gives awareness to women so they fight for their rights and play their important role in the economy of Pakistan as they are excluded from the economic circle because of the male chauvinist society where men are the head of the family and they can only take very decisions. This work mainly deals with the women’s how much they are making decisions in the household, finance-related their involvement, so overall how it helps the women to meet their goals and do to meet those goals by performing according to the norms of the society. This work is mainly done on the women aspect that how much they are involved in financial inclusion, how it helps them to do the roles and economic development. Financial literacy is the moderator and as a tool used to know the relationship between financial inclusion and women empowerment. So this work shows that there is a highly significant and positive relationship that stands between the financial inclusion with the women empowerment and financial literacy makes it stronger.