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.