IMPACT OF FINANCIAL LITERACY ON ENTREPRENEURS WITH SPECIAL REFERENCE TO WOMEN OF HIMACHAL PRADESH

Author Name: 1Ms Sunita Kumari, 2Dr Jyoti Sondhi

Volume: 01 &  Issue:

Country: India

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/10.2020-59336896/

Affiliation:

1. Assistant Professor, Business Management, Abhilashi University, Chachyot, Himachal Pradesh, India
2. Professor, Business Management^, Abhilashi University, Chachyot, Himachal Pradesh, India

ABSTRACT

Financial literacy plays a very important role as it is connected with the growth of economy. Financial literacy and entrepreneurship are two sides of same coin which is closely related with the economic development of the country. The success of any newly started business has been connected with the ability and skills of entrepreneurs to be financially literate in managing the financial matters. This paper aims to discuss the impact of financial literacy on women entrepreneurs of Himachal Pradesh.The paper is designed is on primary data as well as the secondary data. The primary data is collected through triangulation method both interview as well as questionnaire is used. Secondary data is collected through various literature reviews focus on women entrepreneurs of Himachal Pradesh. Researcher questionnaire are mostly focused on knowledge of inflows and outflows of cash, budget management, risk management, credit management, debt finance, are covered. Women Entrepreneurs are job creators as generating the employment opportunities for number of individuals and contributed towards the economic development of the country therefore it is necessary that government and financial institutions makes welfare schemes and programs in the favours of entrepreneurs. As the matter of fact, Tax Free financial education should be given to all for ensuring the financial stability of the country. This paper analysed the awareness of financial literacy skills among women entrepreneurs. This study has covered only three district of Himachal Pradesh.

Key words: Financial literacy, Entrapreurship, Entrepreneurs, Risk Management, Women