Sanchayan Newsletter Nov-11

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Sanchayan is India's 1st NGO committed 100% exclusively to Financial Literacy.

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Sanchayan Newsletter Nov-11

  1. 1. Financial Literacy Matters Volume VII November’11Sanchayan’s Rural ‘Financial Capability’ Program Latest Updates on Financial Inclu- sion & Financial Literacy: • Ministry of Finance launches new website for Financial Ser- vices. http://financialservices.gov.in/ • “The demand for capital is in the range of Rs 2,00,000 crore in In- dia. Currently we are meeting only about 15% of that,” says Vipin Sharma, CEO of Access Development Services (ADS) http://www.hindustantimes.com/India-news/ NewDelhi/A-case-for-self-regulation/Article1- 618715.aspx • HDFC Bank and Vodafone tie upFinancial Literacy means different things to different groups of people; it’s even possible that for Financial Inclusiontwo people from same background may have different goals and thus differing financialneeds, and information requirements. Sanchayan endeavours to provide independent & neu- http://economictimes.indiatimes.com/opinion/ editorial/true-mobile-banking-necessary-to-tral financial information about savings, banking, insurance, NPS, mediclaim and other basic achieve-financial-inclusion-in-india/financial products to urban and rural youth and low income adults so that they can also pro- articleshow/10952595.cmstect their families and prosper.So, what is the difference in the financial literacy workshops Sanchayan conducts? • Swabhiman scheme for 5 crSanchayan’s Financial Capability Program is practical, enhances knowledge about formal families soon: Fin. Min. PranabGovernment-approved financial products and services and seeks to build the “financial capa- Mukherjeebility of the participants”, rather than end up as ‘mere training sessions’. http://www.livemint.com/2010/10/26202145/ Swabhiman-scheme-for-5-cr-fami.html** The above pics are from recently conducted workshops in Rewari, Haryana in partnership with YouthreachIndia and AIS Glass Limited. • CITI—FT Financial EducationFinancial Education for Youth @ NDMC Schools, New Delhi Summit @ Indonesia http://www.microfinancefocus.com/citi-ft- financial-education-summit-boost-financial- inclusion In partnership with Securities and Exchange Board of India (SEBI), series of financial educa- tion workshops are bring conducted in NDMC • Financial Literacy is gaining schools in New Delhi area. The purpose of the never before seen attention financial education workshops is to create a among all strata of the societystronger foundation among the youth so that they http://www.indiainfoline.com/Markets/News/ can become prudent and responsible adults, Financial-Literacy-Is-Gaining-Never-Before-Seen -Attention-among-All-Strata-of-the- later on. Society/4068039822• We can be reached at info@sanchayansociety.org• Support Financial Literacy — Conduct a FREE Sanchayan-SEBI MoneySmart™ Program in your organization• Check out more pics on Facebook @ www.facebook.com/SanchayanSociety

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