Economically Weaker Section,Ews

calender iconUpdated on January 28, 2023
economy
government and policy

Table of Contentstable of content icon

The economically weaker section of the society, commonly known as the underprivileged, faces a multitude of challenges that disproportionately impact their well-being and limit their opportunities for advancement.

Key factors contributing to their economic vulnerability:

  • Limited access to education: Lack of access to quality education and financial resources for tuition fees often trap individuals in a cycle of poverty.
  • Job market disparities: Unequal employment opportunities, limited access to stable jobs with decent wages, and discrimination in hiring practices create significant barriers to securing employment.
  • Financial disparities: Limited access to financial services, high interest rates, and predatory lending practices make it difficult for individuals to manage their finances and accumulate savings.
  • Healthcare challenges: Lack of affordable healthcare access, limited coverage, and inadequate resources often result in poor health outcomes and further reinforce economic vulnerability.
  • Social inequalities: Discrimination, stereotypes, and societal biases reinforce economic marginalization and limit access to resources and opportunities.

The impact of these challenges:

  • Poverty: Economic weakness leads to persistent poverty, trapping individuals in a cycle of financial struggles and limiting their ability to afford basic necessities like food, housing, and healthcare.
  • Limited social mobility: Limited access to education, employment opportunities, and social networks creates significant barriers to social mobility, perpetuating inequality across generations.
  • Health disparities: Poor healthcare access and inadequate resources lead to disproportionate health disparities, impacting the overall well-being and life expectancy of the economically weaker section.
  • Social unrest: Economic frustrations and perceived injustice can lead to social unrest and unrest, exacerbating existing tensions and undermining social stability.

Addressing the issue:

  • Investing in education: Providing access to quality education and workforce training programs can equip individuals with the skills needed to compete in the job market.
  • Creating employment opportunities: Fostering entrepreneurship, creating job creation programs, and addressing labor market disparities can increase employment prospects.
  • Promoting financial inclusion: Providing access to affordable financial services, financial literacy programs, and predatory lending regulation can help individuals manage their finances effectively.
  • Improving healthcare access: Expanding access to affordable healthcare services, implementing programs to address chronic diseases, and tackling healthcare disparities can improve health outcomes.
  • Challenging social inequalities: Promoting equitable policies, addressing discrimination, and fostering inclusivity across all sectors of society is crucial to addressing systemic inequalities.

Addressing the economic vulnerability of the weaker section requires a multifaceted approach that tackles the interconnected challenges they face. By investing in education,

Categories

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548):

The SEBI Registration No. allotted to us is INZ000313732.
NSE Member Code: 90326| BSE Member Code: 6808| MCX Member Code: 57120
DP CDSL: 12099800

Compliance Officer : Mr. Randhir Kumar Chaudhari
Tel no: 011- 49022222 / 011-49022277
Email: randhir@pocketful.in

Registered Address/Correspondence Address: C- 3, Ground Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020

For any complaints, drop us an email atlegal@pocketful.in

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID.

Smart Online Dispute Resolution|Link To Circular|Procedures and Policies|Broker Investor Charter|DP Investor Charter

Benefits: Effective Communication, Speedy redressal of the grievances.

Benefits: Effective Communication, Speedy redressal of the grievances.

Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI and our Terms of Use and Privacy Policy.
The brand name Pocketful and logo is in process of trademarks registration. The cost-effective brokerage plans make Pocketful a trustworthy and reliable online stock broker. Available on both the web and mobile, it offers unmatched convenience to traders. If you are considering opening......

Read More