How is IEPFA Enhancing Financial Awareness Among Rural Women in Haryana?
Synopsis
Key Takeaways
- Financial awareness is crucial for rural women's empowerment.
- Safe investment practices can prevent financial fraud.
- Collaboration with various organizations enhances program effectiveness.
- Ongoing financial education is essential for sustained growth.
- Local governance plays a vital role in supporting SHGs.
New Delhi, Nov 9 (NationPress) The Investor Education and Protection Fund Authority (IEPFA), operating under the Ministry of Corporate Affairs, recently held a workshop focused on enhancing financial literacy, safe investment strategies, and economic empowerment for rural women in Sangoha, located in Karnal, Haryana, as reported in an official statement released on Sunday.
This workshop, conducted over the weekend in partnership with the National Council of Applied Economic Research (NCAER), the Securities and Exchange Board of India (SEBI), the Association of Mutual Funds in India (AMFI), and the Haryana State Rural Livelihood Mission (HSRLM), gathered experts, regulators, and members of women’s Self-Help Groups (SHGs) to explore strategies for enhancing financial confidence and promoting inclusion in the digital economy.
During her keynote address, IEPFA CEO & Joint Secretary, Ministry of Corporate Affairs, Anita Shah Akella, emphasized that women represent the true backbone of Viksit Bharat and must be equipped with financial knowledge, digital skills, and readiness to invest. She highlighted IEPFA’s flagship programs - Niveshak Didi and Niveshak Shivir - aimed at empowering women with the tools to save, make informed investments, and protect themselves from financial scams.
Suraj Bhan, CEO of Haryana State Rural Livelihood Mission, noted the critical role women play in driving economic growth in India during his welcome address. The event featured a thematic panel discussion, expertly moderated by C.S. Mohapatra, Chair Professor at NCAER, who underscored the necessity of ongoing financial education, behavioral shifts, and trust-building for comprehensive financial development.
S.K. Sharma, Senior Consultant at AMFI, discussed how investing in mutual funds and cultivating systematic saving habits can significantly improve women's financial independence. Rahul Raiya, Sub-Divisional Magistrate of Assandh (Karnal), highlighted the importance of local governance in assisting SHGs to access financial services. Shailendra Nath Jha, a former Deputy General Manager of RBI, spoke on safe banking practices, financial awareness, and effective grievance redressal systems to combat digital financial frauds.
The event wrapped up with a certificate distribution ceremony, marking yet another achievement in IEPFA’s ongoing mission to cultivate financially savvy citizens capable of making informed and secure financial choices.