Financial literacy for the Staff of Federal Parliament Secreteriat

Location: Federal Parliament Secretariat, Sinha durbar, Kathmandu

Duration: 1 days

Targeted Groups: Government Officers

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 underbanked, 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. As a part of an ongoing mission to increase the financial literacy of people from various sectors, in organization with the Federal Parliament Secretariat, Bifcap Nepal Private Limited conducted a 3-hour financial literacy program for the working professionals of the Federal Parliament Secretariat, Nepal. Mr. Manoj Kumar Gyawali, Deputy Chief Executive Officer of Nabil Bank Limited facilitated the session by sharing various valuable insights regarding financial literacy. The program started with an opening remark from Mr. Sudarshan Khadka, Secretary of the Federal Parliament Secretariat and then the platform was handed over to Mr. Manoj Gyawali. A total of 150 (One hundred and fifty) government professionals from different departments of the Federal Parliament Secretariat, Nepal participated in the session. The program ended with a closing remark from Mr. Manoj Regmi, Chief Executive Officer of Bifcap Nepal Private Limited

Objectives

To enhance the financial literacy of government professionals at the Federal Parliament Secretariat.
To provide participants with a foundational understanding of key financial concepts and strategies.
To promote financial inclusion by encouraging engagement with banking and financial services.
To equip participants with the tools and skills needed for effective financial planning and management.
To empower staff members to make informed financial decisions for personal and professional growth.

Programs

Importance of Financial Literacy:
Understanding financial literacy and its role in personal and professional life.
Basics of Financial Planning:
Introduction to budgeting, saving, and financial goal setting.
Banking and Financial Services:
Overview of banking products and services and their benefits.
Strategies for Savings and Investment:
Practical tips on saving and investing for the future.
Financial Inclusion and Empowerment:
Encouraging engagement with financial institutions and services to promote economic stability.
Q&A Session:
Open forum for participants to ask questions and engage in discussions on financial topics.

Impacts

Improved Financial Knowledge: Participants gained a better understanding of financial concepts and strategies, enabling them to make informed decisions regarding personal and professional financial matters.
Enhanced Financial Planning Skills: The program equipped participants with practical tools and strategies for financial planning, promoting better management of personal finances and long-term financial stability.
Promotion of Financial Inclusion: By raising awareness about the importance of banking and saving, the program encouraged participants to engage with financial services, thereby promoting greater financial inclusion among government professionals.
Empowerment of Government Professionals: The training empowered staff members by enhancing their financial literacy, contributing to their overall professional development and capability to manage financial resources effectively.
Support for Economic Development: By fostering financial literacy among government professionals, the program contributes to broader economic development goals, promoting financial stability and resilience within the public sector.

Program Summary

As part of an ongoing mission to enhance financial literacy across various sectors, BIFCap Nepal Private Limited, in collaboration with the Federal Parliament Secretariat, organized a 3-hour financial literacy program for the staff of the Federal Parliament Secretariat, Nepal. The program aimed to equip government professionals with essential financial knowledge and skills. The session was facilitated by Mr. Manoj Kumar Gyawali, Deputy Chief Executive Officer of Nabil Bank Limited, who provided valuable insights into financial literacy. The event began with an opening remark by Mr. Sudarshan Khadka, Secretary of the Federal Parliament Secretariat, and concluded with a closing remark by Mr. Manoj Regmi, Chief Executive Officer of BIFCap Nepal Private Limited. A total of 150 government professionals from various departments participated in the session.