IDEAS home Printed from https://ideas.repec.org/p/gtr/gatrjs/jfbr111.html
   My bibliography  Save this paper

Financial Literacy and Its Effect on Economic Empowerment Among Self Help Group Women Members

Author

Listed:
  • Sophia Johnson

    (AL Ghurair University, Dubai. Author-2-Name: Suganya Selvaraj Author-2-Workplace-Name: Karunya School of Management, Coimbatore. Author-3-Name: Sakthivelrani Author-3-Workplace-Name: Business Administration, Kalasalingam University, Krishnankoil, Tamil Nadu, India.)

Abstract

Objective � This study aims to explore financial literacy and its effects on economic empowerment among the self-help group (SHG) women members who are from the Virudhunagar District of Tamil Nadu, India. Methodology/Technique � Data were randomly collected from 400 SHG women members who were from 11 Blocks of the Virudhunagar District. The techniques used were the Financial Literacy Scale and Economic Empowerment Questionnaire which were developed and standardized for the study. Descriptive analysis, quartile and f-test were used to analyse data. Findings � The study reveals that financial literacy, like saving skills, financial knowledge, borrowing skills and investment skills, play a very significant and vital role in the economic empowerment of the self-help group women members in the Virudhunagar District. Novelty � Financial literacy like saving skills, financial knowledge, borrowing skill and investment skills play a very significant role in empowering women in the Virudhunagar District.

Suggested Citation

  • Sophia Johnson, 2016. "Financial Literacy and Its Effect on Economic Empowerment Among Self Help Group Women Members," GATR Journals jfbr111, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr111
    as

    Download full text from publisher

    File URL: http://gatrenterprise.com/GATRJournals/pdf_files/JFBR%20Vol%201(1)%20Dec.%202016/1.%20Sophia%20Johnson+CIBSSR-00273%20(3).pdf
    Download Restriction: http://gatrenterprise.com/GATRJournals/online_submission.html
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tatiyaporn SIRISAKDAKUL & Butsakorn KHORNJAMNONG, 2020. "Financial Literacy and Retirement Planning of Working-Age People," GATR Journals jfbr177, Global Academy of Training and Research (GATR) Enterprise.

    More about this item

    Keywords

    Financial Literacy; Economic Empowerment; Self Help Group; Financial Knowledge; Women Empowerment.;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gtr:gatrjs:jfbr111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Abd Rahim Mohamad (email available below). General contact details of provider: http://gatrenterprise.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.