For the fourth year in succession The Somaiya Social Cell has got the HSBC Financial Literacy Grant. The Proposal on behalf of Social Cell submitted to SIFE has been approved, and our application was one among 360 applications on ideas to provide financial literacy. It really is a matter of pride for the Financial Literacy team, the SIFE team, and the entire Social Cell for making this happen.
Financial Literacy has been conducted by the Social Cell for the past few years. In the proposal submitted for the grant, the Financial Literacy team had given an outline on conducting classes for 300 people in the Vocational Training Center (VTI) in Somaiya campus.
The total grant provided for the Financial Literacy programme is $500. The Social Cell apart from using the funds for training at VTI will also engage in activities in NASEOH. A feasibility study will be conducted regarding a financial literacy programme in NAB and SAHAS.
The Financial Literacy programme basically instructs and informs people on the basics of microfinance. It includes topics under savings, spending and budgeting and also on basic aspects of the banking system. The programme is meant to educate people to be equipped with relevant knowledge in the current scenario to enable best utilization of their financial resources.
Financial Literacy has been conducted by the Social Cell for the past few years. In the proposal submitted for the grant, the Financial Literacy team had given an outline on conducting classes for 300 people in the Vocational Training Center (VTI) in Somaiya campus.
The total grant provided for the Financial Literacy programme is $500. The Social Cell apart from using the funds for training at VTI will also engage in activities in NASEOH. A feasibility study will be conducted regarding a financial literacy programme in NAB and SAHAS.
The Financial Literacy programme basically instructs and informs people on the basics of microfinance. It includes topics under savings, spending and budgeting and also on basic aspects of the banking system. The programme is meant to educate people to be equipped with relevant knowledge in the current scenario to enable best utilization of their financial resources.
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