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College Students move to the slums to teach financial literacy to migrant women

Students of M.E.S. College of Arts and Commerce organized a financial literacy program for migrant women at Asha Sadan Social Center at Baina, Vasco, Goa in the Western state of India, on December 10.
Students of M.E.S College teach migrant women about financial literacy. (Photo: Supplied)

Students of M.E.S. College of Arts and Commerce organized a financial literacy program for migrant women at Asha Sadan Social Center at Baina, Vasco, Goa in the Western state of India, on December 10.

Asha Sadan (House of Hope) in a shelter run by the nuns of the Holy Family of Nazareth in Goa.  The Catholic nuns welcomed the resource persons and encouraged the 40 women participants to ask questions related to financial issues, like loans for housing and small business.

Ms. Madhumeeta Dhar, the event coordinator, said that the purpose was to impart knowledge on financial literacy and government schemes.

M.E.S. College of Arts and Commerce in Zuarinagar is around 10kms from Asha Sadan Social Centre, in Baina, Vasco Da Gama, in Go,a India.

Ms. Dhar cautions participants not to fall prey to increasing scams related to easy money making.

“The program aimed to make women independent through financial literacy. The students led by their coordinators spoke about the significance of financial literacy in life,” said Dr. Meenakshi Bawa, the officiating principal of M.E.S. College.

The students demonstrated practical skills to manage money, open a bank account, availing government schemes and loans for education, housing and micro business. The students also introduced the participant the digital banking like Google Pay.

Dr. Champa R Parab, the coordinator said that students performed two street plays displaying financial scams when ATM PIN, CVV code and password are compromised.  The second play was about the significance of saving money and financial inclusion.

The participants were provided hands-on training to fill deposit and withdrawal slips.

To educate the less fortunate of the society, especially women is heartwarming perhaps and is educating the whole nation,” said Lourenca Marques S.F.N., the head of the Asha Sadan Social Centre.

Sister Marques appreciated the program, especially awareness of financial scams. “The program has many advantages and is needed for our women.”

The event coordinator Ms. Madhumeeta Dhar was supported by the faculty Suraj P. Tuyekar and Pranit S. Naik, Assistant Professor in Commerce.

The thirteen-member student team was headed by master’s in commerce students Ms. Nafisa Shaik and Ms. Ralpat Vaishali.

 

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