Financial Inclusion and Women’s Economic Empowerment in Northern Sri Lanka

Abstract

Most of the women in poor countries are not empowered. Women in these countries are struggling for their household economy. Large part of the world is handling by women. However, the benefits receiving on behalf of their service is very little. When consider about the poverty of women in developing countries it is higher than the poverty of men living in these countries. The empowerment of women is different from one country to another. However, empowerment of women is very important to make them involve in the economy development of a country. When women are empowered their ability on decision making improves. They are able to reach their desired goals. Empowerment of women can improve the economy of a country. The bargaining power and the ability to make the choices in given for the women through the empowerment. Empowerment developed a self – worth within the women. Women gets the ability to control the own life through the empowerment. When consider about the financial inclusion for the empowerment of women it can identify that microfinance is mainly contributing towards the empowerment of women in developing countries. Through microfinance service women get ability to obtain loan.