Financial Literacy Training Program
Client: SEWA Grih Rin Ltd. (SITARA), a SEWA Initiative
Year: 2024
Geographical Coverage: Dehradun, Uttarakhand
Green Pahadi Foundation collaborated with SEWA Grih Rin Ltd. (SITARA) as the training partner to launch a pilot Financial Literacy Training Program in Dehradun. The initiative focused on empowering SITARA beneficiaries from underserved, low-income households by providing them with essential financial knowledge and skills, promoting long-term financial stability and inclusion.
Key Highlights
1. Managing Wealth Across Life Stages
- Understanding the importance of budgeting and savings.
- Effective financial decision-making at different life stages.
2. Financial Planning & Wealth Creation
- Strategies for building long-term financial security.
- Insights into investment and savings options suitable for low-income households.
3. Digital Financial Tools
- How to use digital platforms for transactions, savings, and investments.
- Promoting secure and responsible digital financial practices.
4. Responsible Loan Management
- Guidance on the strategic use of loans, particularly home loans.
- Educating participants on repayment planning and avoiding debt traps.
5. Leveraging Home Assets for Livelihoods: Practical guidance on how beneficiaries can utilize their homes, for which they secured loans, to generate income by starting home-based businesses.
Project Outcomes
- Financial Empowerment: Participants gained critical knowledge to break free from the cycle of poverty through better financial decision-making.
- Increased Financial Literacy: Strengthened understanding of wealth creation, digital financial tools, and responsible borrowing.
- Financial Inclusion: Enabled low-income households to access and navigate formal financial systems confidently.
