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636 SAVINGS, INVESTMENTS AND FINANCIAL PLANNING SESSION FOR SLUM WOMEN

posted Jun 22, 2019, 8:59 AM by Don Bosco Development Society   [ updated Jun 22, 2019, 9:00 AM ]
Koregaon Park (Pune), 14-June-2019: The Don Bosco Development Society (DBDS), Pune organized an interactive session on the topic of ‘Savings, investments and Financial Planning’ for the SHG women from the Laxmi Nagar Slum in Pune. 18 women from low income group participated in this session held under the aegis of ‘women empowerment project’ supported by Manos Unidas, Spain.

Mr. Nagsen Chavan (Coordinator-DBDS) was the resource person and he covered following topics:

1) Thumb rules on savings and investment, Ponzi Schemes

3) Investing in Small saving schemes to meet Financial Goals

4) 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. This was followed by explaining the effect of inflation on the savings and investments. The next topic was on Ponzy schemes which dealt with dubious collective investment schemes which duped many people. Next session on small saving schemes gave them the knowledge of various saving and investment schemes like PPF, Sukanya Samruddhi Yojana, Atal Pension Yojna, NPS, Suraksha Bima Yojna etc run by post offices and how saving in these schemes can create wealth for them.

The workshop ended on a positive note as participants were motivated to start investing in small savings to meet their financial goals. The Vote of Thanks was proposed by Ms. Jyoti Sonwane (Staff-DBDS).