Financial independence remains a dream for women in India. In most Indian households, men control the money including access to bank accounts. Research by Ministry of Statistics says, women in India own a third of bank accounts and a fifth of deposits.
Since women in Tier 2 and 3 cities aren't breadwinners, they never open bank accounts. Bank accounts are the first step to financial agency. And access to banking can make women the agents of prosperity. Women's financial inclusion has been a key focus of UN's Sustainable Development Goals.
Ujjivan Small Finance Bank decided to spearhead women's financial...