Bridging the Gender Gap in Finance: Assessing Financial Inclusion Among Rural Women in Kerala

Financial inclusion is increasingly recognized as a catalyst for economic development and social empowerment, particularly among women in rural areas. This study investigates the extent and impact of financial inclusion among working rural women in Vannappuram Grama Panchayat, Idukki District, Kerala. Drawing from both quantitative and qualitative data, the research explores women's access to and use of financial services, barriers encountered, and the influence of financial inclusion on their economic participation. Findings reveal that while 100% of respondents possess bank accounts, usage frequency and engagement with broader financial services remain uneven. Key obstacles include limited awareness, accessibility challenges, high transaction costs, and insufficient financial literacy. Digital financial services are increasingly adopted, with 87.5% of respondents using platforms for transactions. However, uptake of advanced financial instruments like mutual funds or pension products is negligible. Notably, only 42.1% reported that financial inclusion facilitated income-generating activities. The study underscores the need for comprehensive financial education, targeted interventions, and gender-sensitive financial policies. Recommendations include integrating financial literacy with livelihood programs, enhancing digital training, and expanding outreach through community-based initiatives. By addressing these gaps, financial inclusion can serve as a more effective tool for empowering rural women and fostering inclusive growth.