Women were ignored always in money making and financial management. They were not even given proper education. Even educated people are found to be illiterate in financial matters. The term financial literacy has huge importance for a business house since the impact of an uniformed decision making for a business house cannot be predicted in advance.Relationship between educational status of the entrepreneur and the marks scored in the test to measure financial knowledge was done using correlation coefficient. Author also made an attempt to know about the gaps in the financial literacy among women entrepreneurs to identify areas which need attention.