Financial Literacy program
Financial Literacy program
Financial Literacy program - In India,
Financial Literacy Programs Are Lifting Families Out of Debt and Fueling New
Prosperity
The Hindi words for “capable” (Saksham) and
“development” (Unnati), are helping to define financial inclusion in
India. For Indians, developing capability is a call to action. This is why
seminars on financial literacy skills are so effective. Financial literacy can
be the difference between drowning in unregulated debt, often from loan sharks,
or breaking free by building through successful small businesses.
Less than a third of the population of India are
financially literate. Many lack access to banks or microfinance, but might
resort to loan sharks, exposing them to cycles of debt.
Educating women about financial principles is key to
breaking cycles of debt.
