AN EMPIRICAL INVESTIGATION OF FINANCIAL INCLUSION ON FINANCIAL WELLBEING OF WORKING WOMEN: A MEDIATING ROLE OF FINANCIAL CAPABILITY

Abstract

The study is designed to investigate the impact of financial inclusion on financial wellbeing of the working women. This study aims to find how financial inclusion impact the financial wellbeing while considering the mediating role of financial capability. Stratified sampling technique was used to draw sample size. Using a quantitative research methodology, data was collected from the respondents through a survey (a self-administered questionnaire). As a part of lager study, 650 questionnaires were distributed from which 550 responses were collected from the participants, which shows 84% response rate. In order to analyze the responses, SPSS and AMOS were used. To test the hypothesis, structural equation modeling technique was used. The findings show that partial mediation is witnessed between financial inclusion and financial well-being of working women as direct beta without mediation is significant and positive. The study is significant for women working at different hierarchal levels, policy makers and governing authorities to up surge the financial wellbeing of the women by ensuring their access to appropriate financial products and required services with the help of their financial abilities and skills. For the future study the male respondents can also be included in the population to examine the effects of the proposed study on the male. A comparison between the male and female respondents can also be done for extending the research scope.