Impact Of Digital Financial Inclusion On Women Empowerment: A Study Of Satna District

Abstract

This research paper explores the impact of digital financial inclusion on women's empowerment in Satna District. Digital financial inclusion refers to the accessibility and usage of digital financial services by individuals, particularly those who are unbanked or have limited access to traditional banking services. The study employs a mixed-methods approach, combining qualitative and quantitative data collection methods. A survey is conducted among women in Satna District to assess their level of digital financial inclusion, empowerment indicators, and socio-economic characteristics. In-depth interviews and focus group discussions are also conducted to gather qualitative insights and narratives on women's experiences with digital financial inclusion and its impact on their empowerment. Access to digital financial services has empowered women in various ways, including increased financial independence, improved decision-making ability, and enhanced social status. The study identifies specific factors that facilitate or hinder women's digital financial inclusion, such as literacy levels, access to technology, and social norms. These include targeted financial literacy programs, improved access to affordable smartphones and internet connectivity, and awareness campaigns to challenge gender norms and stereotypes. SPSS software was used to check the accuracy and significance of the study. Overall, this research paper contributes to the existing literature on digital financial inclusion and women's empowerment by providing empirical evidence from the context of Satna District. It underscores the importance of leveraging digital technologies to foster women's economic inclusion and promote gender equality. The findings can inform policymakers, development practitioners, and other stakeholders in designing effective interventions and strategies to empower women through digital financial inclusion.