Published Paper Details:

There is no doubt that economic participation of women has increased in India during last few years, but still they are far back in terms of economic independence. The situation is same for both urban and rural women as discrimination is a reality and gender gap is wider in the economic field. Women have more opportunities and facilities in urban areas in comparison to rural areas. Thus rural women should be more conscious and updated but the reality is totally different. They can't reach to the facilities in lack of knowledge and awareness. Trainings were being organised at different level by different agencies but that's not sufficient. Impact of wrong and inadequate training can be seen among self help group members. Lack of sufficient financial services by the service providers, deep rooted social barriers and lack of strong decision making power among the women are equally responsible for their weak financial condition. Full planned financial literacy program along with digital technology education is highly needed. Due to the awareness about micro financing and micro credit schemes rural women have started savings by making self help groups. Savings only for borrowing and lending money among the group members can't be much fruitful. They should know about other use of money. Banking is not all about saving and loaning; investment and insurance is much more important in planning a better future with economic stability. With the help of World Bank, Government of Bihar is working hard to make the rural women financially empowered. Focus is on sustainable job creation at local level so that they can be self dependent. Banking and insurance sector have to come forward with a big heart to train them about making money, as saving for lending and borrowing is not the ultimate option in the process of financial empowerment. The present study was conducted in the rural areas especially pilot blocks of jeevika. Per capita income is very low as compared to other areas thus saving and investment is low. Total sample of 350 SHG members is comprised through random sampling technique. The primary data was directly collected through personal interview method between 2021to2023.