Women News

The fintech sector drives transformation in banking and finance. India's progress to the fifth-largest economy highlights the importance of financial inclusion. However, empowering women and bridging the gender gap remain significant challenges.

Financial success involves managing personal finances, understanding investments, letting go of negative money associations, reconsidering traditional asset ownership, cutting losses, building multiple income streams, and giving back annually.

Kinara Capital has disbursed more than ₹6,200 crore in over one lakh collateral-free business loans. The NBFC has shown strong growth over the past few years with its AUM growing 150% to ₹3,000 crore between FY22 and Q3 FY24. Women-owned MSMEs constitute nearly 12% of its customer portfolio.

Growing number of women are taking charge of financial planning with empowerment and independence, breaking free from traditional constraints. Shift in attitudes towards financial planning with increased financial literacy and desire for autonomy.

India has women in diverse sectors but faces a financial literacy gap. Women need to proactively manage finances, break myths, and take steps like self-confidence, knowledge acquisition, savings, debt management, professional guidance, and strategic investments for economic empowerment.

Financially literate women can achieve long-term goals by investing wisely in mutual funds. MFs provide options for equity, debt, and hybrid schemes to suit different risk profiles.

Boys are often encouraged by their families and society to learn about finances and participate in money-related discussions. Conversely, girls may not receive the same level of financial exposure.

Financial freedom is a progressive journey requiring process-oriented management of income, expenses, and savings. Building investing resilience is crucial for achieving financial freedom, with a focus on a robust investing process and long-term goals.

India's robust fintech adoption, coupled with low financial literacy among women, drives the popularity of micro financial products tailored for young women entering the workforce, offering swift, intuitive, AI-powered, user-centric services with 24/7 support.

Women aspire for a role in ‘Viksit Bharat’ with 76% of working women expressing a desire to initiate their businesses.