“There are two powers in the world; one is the sword and the other is the pen. There is a third power stronger than both, that of women.”
– Malala Yousafzai
Financial Empowerment is the driving force of the modern economy. It is the buzzword to subdue all the buzzwords. I believe the ability to make financial decisions lies in all of us and is just a matter of grooming for the best of the best to emerge.
Female Financial Empowerment will increase their right to economic resources and power to make decisions that will ultimately benefit themselves, their families, and their communities in totality. It is evident from the quote-If you educate a man, you educate an individual whereas if you educate a woman, you educate a nation.
Women’s Financial Empowerment is extremely crucial if the world wants to witness exponential growth and historical evolution. Women are great at bringing down the tangible aspects of business or household into numbers and evaluating the intangible aspects too simultaneously with special emphasis on micro-management of intricacies.
The personalized grassroots level consultation is the maximum required for budding women to evaluate their options better and sculpt their ideas to perfection. Investing in women’s economic empowerment sets a direct path towards gender equality, poverty eradication, and inclusive economic growth.
We must be clear about the many constraints that hold women back. But we must also be clear about the levers we can pull, both tangible and intangible, to help women find pathways to greater empowerment through financial services that meet their needs. And we must build partnerships with players outside our core areas of expertise who can help shift the levers that don’t directly relate to finance. Women’s economic empowerment is going to take more than bank accounts. But bank accounts can be powerful tools in the hands of women who are determined to take more control over their lives. By shifting all the levers within our reach, we can improve the chances that we will collectively level the playing field in ways that improve the lives of women.