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1196 Financial Literacy, Saving and Investment Sessions for Slum Women

posted Dec 2, 2020, 5:27 AM by Don Bosco Development Society   [ updated Dec 2, 2020, 5:27 AM ]
Financially Supported by: Mahanagar Gas Limited

Matunga (Mumbai), November 2020: The Don Bosco Development Society (DBDS), Mumbai organized an interactive session on the topic of ‘savings and investments’ for the SHG women from various slum pockets in Mumbai. 204 women from low income group participated in this session held under the aegis of ‘Project Disha under MGL Saksham’ supported by Mahanagar Gas Limited.


Mr. Dinesh Dedhia and Mr Salve from Mahim Post Office were the resource persons and they covered following topics:

1) Thumb rules on savings and investment
2) Investing in small saving schemes to meet financial goals
3) Life insurance, risk cover, health insurance and investment in insurance products

The session started with understanding the current savings and investment instruments of the participants. Next session was on small saving schemes such as Pradhan Mantri Jeevan Jyoti Yojana, Pradhan Mantri Suraksha Bima Yojana, Public Provident Fund, India Post Payments Bank (Ippb), Sukanya Samruddhi Yojana, Atal Pension Yojna, NPS etc run by post offices and how saving in these schemes can create wealth for them. The workshops resulted in opening saving accounts and subscription to small saving schemes by 112 women.

The details are as follows:

 

No

Date

Area

Participants

Subscriber of Post Office Schemes

 

 

 

 

SB

SSY

PMJJY

PMSBY

IPPB

PPF

Pension

1

07-11-2020

DBDS Matunga

35

9

2

-

-

6

-

-

2

18-11-2020

Antop Hill

30

3

4

1

2

10

-

-

3

19-11-2020

DBDS Matunga

30

5

4

1

3

7

-

-

4

20-11-2020

Kamani, Kurla

35

4

2

1

1

10

1

3

5

23-11-2020

Panchasheel Nagar, Wadala

35

2

-

2

2

13

4

-

6

24-11-2020

Mahim

39

4

3

-

-

2

-

1

 

 

Total

204

27

15

5

8

48

5

4

 

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