IMPACT OF GENDER DISPARITIES IN FINANCIAL LITERACY AMONG ENTREPRENEURS

Abstract

In order to comprehend their combined influence on the decision-making process of entrepreneurs, this study investigates the complex relationships between financial literacy, economic inclusion, and intent to be entrepreneurs. A thorough investigation reveals a strong correlation between more financial literacy and a readiness and intention to pursue entrepreneurial endeavours. In addition, it becomes clear that one important factor is financial inclusion, suggesting that fair access to capital has a favourable impact on the intention to start a business. The research highlights the ability of business intention to forecast actual decisions made by entrepreneurs.

The study's recommendations emphasize how critical it is to improve financial literacy campaigns, support financial inclusion programs, and foster entrepreneurial education. Encouraging a varied and vibrant entrepreneurial environment requires addressing gender gaps in entrepreneurship and building an enabling ecosystem. Policymakers, teachers, and other stakeholders may use these results to help develop measures that support new business owners and help create a more dynamic and diverse entrepreneurial environment.