Much of world history is rife with stories of women fighting for
their fundamental rights. Today, as we stand in the 21st century,
living in a dynamic era, we see an upward curve towards women's
equality and empowerment.
Although India attained freedom in the year 1947, women continue to
battle the society for their rights, equal opportunities, and
empowerment, especially women from economically backward classes.
While the GOI has taken several commendable steps to financially
secure and enable the women of India, the real change must ensue at
the ground level!
Earlier, women were disregarded from a financial inclusion
standpoint, but today, not only are women included, but they also
strongly lead their household. With the world getting smaller and a
person’s reach getting wider, male members often venture out of their
villages for better source of income and opportunities, leaving the
women in charge of financial and social decisions. This change has
enabled women to come together, organize, and build a future in solidarity.
With FinTechs such as iServeU offering services like Direct Money
Transfer (DMT), which allows money transfer to the remotest of areas,
migrants can seamlessly transfer money to their households without the
need of an intermediary. With financial independence comes
decision-making power, and as per quote, women are better
decision-makers than men in terms of household and livelihood.
Financial independence gives them the power to make rational decisions
that benefit the family, and have complete control on the overall
aspects of finance and social decisions. The financial inclusion,
decision-making power, and economic adaptability bestowed upon women
have helped diminish economic, normative, and social barriers,
empowering them to stand at par with men. It has reduced the gender
gap and boosted gender equality.
The women of today are strong-willed and fierce enough to stand tall
amongst a crowd of men. They have come a long way fighting patriarchy
and defied all norms that held them back. Women are seen as a source
of power today, equaling men and standing shoulder to shoulder!