A government report reveals that women own 39.2% of bank accounts in India, with rural areas leading at 42.2%. Women also contribute to 39.7% of total deposits, reflecting growing financial participation. The report highlights a fourfold rise in DEMAT accounts since 2021, with women showing increased stock market involvement. Female entrepreneurship is also on the rise, with startups led by women directors growing significantly. Despite these strides, challenges like inactive accounts and limited credit access persist, underscoring the need for inclusive policies. The report emphasizes progress in gender parity across education, labor force participation, and decision-making, signaling a positive shift in India’s socio-economic landscape.
Source : rediff.com
Women Power in Finance: 39.2% Bank Accounts Owned by Women, Rural India Leads the Way!