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  project name ~ FInancial Literacy Project

category ~ Women Empowerment

 
       

  

     

  Project Name

 

FInancial Literacy Project

  NGO

 

Mann Vikas Samajik Sanstha (MVSS)

  Category

 

Women Empowerment

  District

 

Satara

  State

 

Maharashtra

  Budget Approved

 

Rs 230000

 

  Year Approved

 

2008

 

 
 
 
 
 

  Photographs

 

1   2  

  Chapter Coordinators

 

Vivek Thirtha

 

Portland

 

  Caption

 

 

-Vanita Shinde and Jayashree Narale teaching the Financial Literacy course

 

  Summary

 

 

MVSS and its sister organization, Mann Deshi Mahila Bank Ltd (Mann Deshi) are making a special effort to bring illiterate - semiliterate women into the banking sector. They have developed a comprehensive financial literacy program tailored to the needs of the women in rural Maharasthra. The program includes a financial literacy class and booklets to students enrolling for the course. The class and the booklets cover important information about savings options, loans, insurance, pension schemes, and material to help women improve their future.
The funding is mainly for printing the booklets developed for the course. Every woman attending the course will receive a booklet to take home.

 
 

  Achievements

 

 

Mann Deshi Mahila Sahakari Bank (Mann Deshi) is a regulated cooperative bank run by and for women. Founded in 1997, it is Indiaís first rural financial institution to receive a cooperative license from the Reserve Bank of India. Mann Deshi aims to equip women with assets to support women in becoming entrepreneurs; and to build on womenís ability to plan and save for their and their familyís futures. Mann Deshi, in partnership with itís sister NGO, Mann Vikas Samajik Sanstha, offers a number of innovative support programs for women, including Bycycle programme, Umbrella Program, Business School programme and Mobile Business school. On December 2, 2006, Mann Vikas, in partnership with HSBC, launched the Mann Deshi Udyogini Business School for Rural Women. The school provides more than just vocational training to women. Its courses offer a unique blend of skills, financial literacy and confidence building, all of which are necessary to successfully open or expand a business. Designed for women with or without a formal Education, the Business School fills Business School (Manndeshi Udyogini) in Vaduj a capacity gap in the microfinance community, catering not only to the needs of women but also responding to skills gaps in the market. In 2007 the Mann Deshi Udyogini Business School on Wheels for Rural Women, an innovative project in partnership with the Deshpande Foundation and Ashoka Foundation, has been launched in Karnataka. The Business School on Wheels will reach out to women in the remotest areas who are usually left Behind because of either financial or Cultural constraints. A bus has been purchased and customized to transport the necessary equipment and provide training space.

 

  Goals

 

 

The financial literacy course allows women to take full advantage of banking opportunities and leverage already existing insfrastructure. The main advantages of giving the booklets to the students is as (i) reference material to the course and more importantly, (ii) a resource to be shared with family, neighbors and friends. This way more women learn the basics of saving, loans, and the options available to them for a secure financial future.

 
 

  


 
 
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