Impact of Sustainable Financial Literacy and Digital Financial Inclusion on Women's Sustainable Entrepreneurial Intention

Abstract

This study draws upon resource-based theory to explore the effect of sustainable financial literacy on women's intentions to engage in sustainable entrepreneurship, focusing on digital financial inclusion as a mediating factor. Empirical data was collected from 266 female students from various esteemed Indian Institutes, and the research hypotheses were tested using partial least square structural equation modeling with the help of SmartPLS 4 software. The study revealed that sustainable financial literacy significantly impacts women's intention toward sustainable entrepreneurship. Additionally, digital financial inclusion partially mediates the relationship between sustainable financial literacy and entrepreneurial intent. These findings provide policymakers with a constructive model for implementing sustainability literacy to enhance generating intention among women to be involved in sustainable businesses that consider social and environmental aspects and not just profitability, contributing to achieving SDG and enhancing the nation's economic development.