Financial inclusion of women has a key role to play in bringing about gender equality in society. Examine (200 Words)
Refer - Business Line
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IAS Parliament 3 years
KEY POINTS
· Despite all the progress made towards accomplishing gender parity, the gender gap remains and is observed in various forms in almost all professions world wide.
· According to the UNESCO’s eAtlas of Gender Inequality in Education, globally, about 10 per cent of all girls roughly between 6 and 11 years are denied the right to education, compared to eight per cent of all boys.
· If the current trend continues, almost 16 million girls between 6 and 11 years will never get an opportunity to attend a primary school compared to about 8 million boys.
· Since women lack financial independence, it is difficult for the credit information bureaus to prepare financial history of women which restricts financial institutions from lending to women.
· Another noteworthy effort is the introduction of the Aadhaar card. The government’s launching of exclusive bank accounts for girl children, e.g., Sukanya Samriddhi Yojana is equally laudable. Some banks even offer concessional rate of interest for housing and education loans availed of by women.
· Banks should hold special campaigns for opening accounts for women. Postmen who make door-to-door must be tapped for spreading awareness about opening accounts by women with Post Offices and also motivate them.
Manish 3 years
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IAS Parliament 3 years
Try to provide a comprehensive conclusion. Keep Writing.
RAJA MOHAMED 3 years
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IAS Parliament 3 years
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