Somaiya Social Cell wins financial grant from HSBC

True to its vision of empowering people, the Somaiya Social Cell succeeded in getting financial aid for providing financial literacy to the handicapped people working at NASEOH data entry centre. SIFE (Students in Free Enterprise) in conjunction with the HSBC Global Education Trust and HSBC conducted the HSBC Financial Literacy Programme. Under this programme, HSBC funds those projects which aims to provide financial literacy to the needy people. This year, it received around 400 applications from various countries including Australia, Canada, Egypt, South Africa, India, the United Kingdom and the United States.

Tanvi Shikha and Juhee Prashant submitted the proposal on behalf of K J Somaiya Institute of Management Studies and Research. In the proposal they listed a detailed plan as to how they want to provide financial literacy to the handicapped employees working in the data centre established by NASEOH. NASEOH is an NGO established by a group of industrialists, doctors, philanthropists and social workers under the leadership of Late Shri Vijay Merchant, in Bombay in the year 1968. After careful scrutiny, K J Somaiya Institute of Management Studies and Research was awarded financial grant which will be disbursed in two equal installments.

Deepa Garge and Nirav Shah from PGDM volunteered to help Tanvi and Juhee in the financial literacy programme. As the first step, they conducted a class on personal savings for the employees at the data centre. They have future plans to organize classes by SIMSR faculty in Finance Department. This endeavor has made the Somaiya Social Cell to further deepen the ties with SIFE and HSBC.