Shanu Mehta, co founder of a global fin-tech company and a visiting faculty at IIM Indore, conducted financial literacy workshop for underprivileged women at IIM Indore. Over 100 women participated in the workshop who were taught basic financial skills like-how to open and operate the bank accounts, importance of making recurring deposit, how to calculate the right amount of loan they are eligible for and to avoid the risks of getting caught in debt cycles etc.
They were also informed about various schemes they could avail if they attempt entrepreneurship. Shanu said that to achieve real women empowerment, enhancing financial literacy among women is very important. Only then can they achieve financial independence, financial well being and have a say in the decision making process in families.
According to a study, almost 80% of women in our country are financially not literate. Today’s workshop is an initiative towards correcting this situation.
Shanu Mehta is a founder of a global fin-tech company and works towards improving financial literacy among women, particularly from the underprivileged background. IIM Indore has been working on several initiatives of social importance including partnering with Uttar Pradesh Police to strengthen beat policing, traffic management and effective stress management of police personnel and helping to make Lucknow city cleaner.