Financial Literacy For Teacher's (GMW)
Location: Dhangadhi, Sudurpashchim
Duration: 1 days
Targeted Groups: Teacher's
Description
Financial literacy enables individuals to plan for the future and build a secure financial foundation. Whether it's saving for education, homeownership, retirement, or emergencies, financial literacy equips individuals with the tools and strategies needed to set and achieve their long-term financial goals. By fostering a culture of saving and financial planning, financial literacy contributes to greater financial stability and resilience. Nepal has a significant portion of its population who are unbanked or under banked, lacking access to basic financial services. Financial literacy initiatives can promote financial inclusion by raising awareness about the benefits of banking, encouraging savings behavior, and facilitating access to financial products tailored to the needs of underserved populations. This can help empower marginalized communities and promote inclusive economic growth. Moreover, financial literacy is not just a personal skill; it is a catalyst for individual empowerment, economic development, and social progress in Nepal. By investing in financial education initiatives and promoting widespread financial literacy, Nepal can unlock the potential of its people and build a more prosperous and equitable society.
Objectives
- Enhancing Financial Awareness
- Promoting Formal Banking Practices
- Empowering Consumers
- Digital Financial Literacy
- Personal Finance Education
- Financial Fraud Awareness
Impacts
- Ability to make informed financial decisions.
- Improved Financial Security
- Increased savings and investment for future security.
- Better Financial Management
- Effective budgeting and managing of income and expenses.
- Awareness of Financial Rights
- Knowledge of consumer rights and protection against fraud.
Program Summary
On Global Money Week, a financial literacy session was held for teachers in Dhangadhi district, with 27 participants. Led by a certified facilitator, the session provided valuable insights in to the fundamentals of finance and its importance in personal and professional life.. Additionally, it covered key financial literacy terms and regulations, equipping teachers with essential knowledge to make informed financial decisions.
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