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IJSTR >> Volume 9 - Issue 6, June 2020 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

Effect of Financial Entrepreneurship and Literacy Program on Women Empowerment: A Case Study in Khulna District

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Md. Babul Islam, Md. Nuralam Hossain*, Md. Kamrul Islam, Abdur Rakib Nayeem, Mst. Nasrin Akter



Financial Literacy, Women Empowerment, Financial Entrepreneurship, Khulna District



Women empowerment is a self-motivated, vibrant, and dynamic process and is closely related to women's literacy and entrepreneurship. This study explores the effect of financial literacy and entrepreneurship on women empowerment. However, the households and women who are living around Sundarban protected areas are disadvantaged and had no or limited literacy and financial management skills. This FELP training could help them make maximum use of resources and opportunities for enhancing their livelihoods. The study is composed of both qualitative and quantitative research approaches. The primary data were collected through a semi-structured questionnaire survey by the FELP beneficiaries. The study was conducted around one year after an accomplished FELP program to ascertain the degree of effectiveness of the program. We analyzed data using statistical software; Stata, and MS Excel. The findings revealed that 74% of the respondent of FELP beneficiaries was role-played positive attitude with their family, and 90.83% of women can update their business book, able to keep record daily income-expenditure. 81.67% of FELP beneficiaries get involve in various income generating activities outside at home contributing to their family. The Two-sample t-test shows a significant difference in empowerment score between the FELP and Non-FELP group (t = 6.06, p<0.000), which means the FELP beneficiaries were more likely to ensure the women empowerment. The regression results show that financial literacy significantly positively affects women's empowerment. Further, this interaction variable is different from zero, meaning that higher scores of women empowerment who were also the FELP beneficiary. The paper calls for women empowerment employing adequate financial literacy and entrepreneurship by studying the relationship between women empowerment and financial literacy inclusion.



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