Financial literacy is a key aspect in the life of an individual. Today both men and women work at an equal level, but women in the rural areas of India are not given a lot of freedom in this field. For women in India, financial literacy is still falling behind. People tend to learn about financial management through experiences of their own and others. The role of females in every rural family should not be neglected. This paper studies the level of financial literacy across various rural districts in India, understanding the engagement of women in financial services, identifying the key challenges faced by them, and offering suggestions to improve the financial literacy of women and discussing policies introduced that help them.