Alok Kumar Agarwal Alankit highlights the essentiality of learning financial concepts.
Financial literacy means being good at handling money in various ways, like managing personal finances, making budgets, and investing, according to Alok Kumar Agarwal Alankit.
In 2014, the Government of India started the Pradhan Mantri Jan-Dhan Yojana to improve financial literacy. It aimed to give every household a bank account. From August 2014 to January 2022, the program helped create 443 million accounts. But there's still work to do in helping people understand how the financial system works. According to the Reserve Bank of India, only 27% of Indian adults, and even fewer women at 24%, have good financial knowledge.
Alok Kumar Agarwal Alankit says, "I think women are more open to learning about finances. They usually handle household budgets, so if they have basic financial knowledge, tools, and chances to start small businesses, women entrepreneurs can make a big difference for their families and communities.