The Empowerment Of Women.
Our NGOs have a significant role to play, alongside governments, in improving the status of women.
Solar Association is a platform for a community that works to spur social change by training young activists in the field of solar Swami Vivekananda, one of the greatest sons of India, quoted that, “There is no chance for the welfare of the world unless the condition of women is improved, It is not possible for a bird to fly on only one wing. ”In the process of empowerment women should consider their strengths and weakness opportunities and threats and move forward to unfold their own potential to achieve their goals through self-development . in our country empowering women through enterprise development has become an integral part of our development efforts due to three important advantage entrepreneurs , economic growth an social stability . The most important step ending poverty is to create employment and income opportunities in women’s. providing the opportunity for women to become solar entrepreneurs. Solar Association deliberately focus on women because not only are they overlooked in terms of economic opportunity, but they are also the primary drivers of technology adaptation in the household – by intentionally reaching out to women, we create economic opportunity and create employment as well provides women with business training and technical skills they need to make their micro-business thrive As they grow in their skills and confidence, they become change agents in their communities, sharing their skills and knowledge and becoming ‘evangelists’ for the new technology. The key to our success is combining the women’s social capital with financial capital to create a distribution network for renewable technology solutions.
Women make up almost half of the 1.3 billion Indian population and a huge majority of them live under 300 Rs a day. According to the 2014 Global Findex report, there remains a 7 percent gender gap in bank account ownership, and a 14 percent gap in account usage. Recent research conducted by Women’s World Banking puts the percent of un- and under-banked Indian women at an astonishing 62 percent, or 411 million women – India is at the 2nd position for the largest unbanked population.
Even the Pradhan Mantri Jan Dhan Yojana (PMJDY), which works toward providing access to financial services to all Indians does not ensure the participation of women. The program mandates one bank account per household, which again is most likely to be held by the senior male member of the family. And the most disheartening thing is that all these facts are there even though 55% of all the new bank accounts opened globally, are from India – Global Findex Report 2017.
And it’s not just about having bank accounts as well. The same 2017 Global Findex report also said that in India, as much as 54% of women with a bank account made no deposit or withdrawal in a year which is just 43% for men – comparatively quite low.
The problem lies in the age-old notion of “money is a man’s problem” which needs to go, for women to be financially literate.
Making The Case For Women Empowerment Through Financial Literacy
The first step towards empowering females is understanding the meaning of financial literacy. Let’s start by taking the most common example – women live longer than men – a scientifically proven fact.
This means that women are more likely to be a single parent as well as primary caregivers to relatives and friends. Add to this the gender pay gap and the fact that women have shorter working lives in paid employment. Hence, we can clearly establish that women’s retirement savings should stretch longer than that of men’s and also understand why financial inclusion is of extreme importance to women.
Taking control of their finances from the very start will help women live a financially unchallenged life, till the very end.
To enhance the socio-economic status of young, underprivileged women by empowering them with self-confidence and the required skills to enable them to become independent and contribute to family and society.empowerment of women and achievement of equality between women and men as partners and beneficiaries of development,