An Investigation on the Effects of Digital Financial Literacy on Himachal Pradesh’s Rural Women

Abstract

Literacy in digital finance refers, at its core, to having access to tools that facilitate the making of informed financial choices. It is a concept that is linked to the notion of financial inclusion as well as the digital economy. It’s as simple as not carrying about any money or having many bank accounts open at once. It all comes down to the question of where the money is coming from. It pertains to the judicious use of available finances. It all comes down to making a selection concerning the many methods that might be used to bring in some kind of additional money. All of these things are part of a system, which is something that most people are unable to understand. Therefore, the ability to understand this concept is made easier for people who have a financial literacy. On the other hand, having a solid literacy of financial matters is essential to achieving financial inclusion. Inclusion in the financial system is essential to ensuring that revenue is distributed fairly across the economy.
The purpose of this research is to determine the influence that financial literacy has on the lives of rural women in the Indian state of Himachal Pradesh. The data is gathered with the help of a structured questionnaire from a total of 500 respondents. According to the findings of the research, digital financial literacy and the use of technology are playing an increasingly important role in fostering financial inclusion and enhancing financial education.