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119 - Financial Planning Workshop for Slum Women

posted Aug 21, 2017, 3:58 AM by Don Bosco Development Society   [ updated Aug 21, 2017, 3:58 AM ]
Mumbai, 19-August-2017:
The Don Bosco Development Society (DBDS), Mumbai organized a workshop on ‘Financial Planning’ for women Self-Help Group members from various slums of Mumbai. More than 100 women participated in the event. Mr. Mahesh Kumar (Project Manager - DBDS) was the resource person.

The main objective of the workshop was to help women understand topics like:
  • Thumb rules on saving and investment, RBI and Banking 
  • Ponzi Schemes, Time value of Money, interest rates, Compounding, Discounting 
  • Investing in Small saving schemes to meet Financial Goals 
  • Comparing returns in Gold, Real Estate, Insurance etc 
  • Life insurance, risk cover, investment in insurance products etc 
A documentary was also screened on the topic of savings and improving income. In the workshop many ladies shared their experience and asked questions related to their savings and investments. The programme ended with vote of thanks proposed by Mrs. Surekha Pednekar (Programme Co-ordinator - DBDS).