Tuesday, 29 September 2020

Vedanta Rolls Out Financial Literacy Training

By 121 News

Chandigarh Sept. 29, 2020:- Vedanta Jharsuguda, Odisha the largest aluminium producer in the country, has begun a series of training sessions on financial literacy for women members of its flagship sustainable livelihood project, Subhalaxmi Co-operative.

With a membership base of 4000, Subhalaxmi is one of the largest rural co-operatives in the state, engaged in promoting sustainable livelihood opportunities among women, creating avenues for entrepreneurship through skill development and providing financial assistance to the members for furthering their enterprises.

Each year, Vedanta and Subhalaxmi Co-op collaborate to conduct a slew of training sessions and capability building exercises for the members. Given the importance of financial literacy in enabling and sustaining inclusion of rural women in the forefront of economic activities, the company has roped in personnel from Mission Shakti to train these women in savings, micro-finance services, insurance, fund management, financial decision making, etc.

Besides financial knowhow, significant focus is also given on developing the right attitude towards financial independence in these women. Given the pandemic scenario, these trainings were held both virtually and physically, in small groups, where internet connectivity was unavailable/erratic.

Jibardhan Kheti, from Mission Shakti (Bargarh), the Govt. of Odisha's flagship women empowerment initiative, who conducted the financial literacy sessions said, "We are proud to partner with Vedanta, in increasing awareness levels of rural women in the importance of savings, loan, insurance and other tools of sound financial management.

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