Finance Literacy Training

This Finance Literacy Program is conducted at Mettavalasa village, in Thonam Panchayat of Salurmandal. This program is conducted in relation to the members who underwent 15 days training program on Masks and Sanitizers preparation in this village. Resource person Mr. P. Tirumala Rao, counselor, NABARD/DCCB, Smt. L. Santhi, CEO of DMWS, Mr. Bheema Rao, Dharani MACS CEO, village elder, School teacher and Beneficiaries participated in this program.
The program started with a prayer and later Smt. Santhi welcomed the resource person Mr. P. Tirumala Rao and participants. Later she asked the resource person to start the Finance Literacy program. Mr. Tirumala Rao told that our government is encouraging the backward areas that are getting low income. Further he told that all the people to get education to increase the income levels through jobs, business and other micro enterprises to develop financially to stand on their own legs and this is the main purpose of this program. He clearly explained that—
• Village level people to get income generation programs to develop financially
• You should not get discouraged for not getting schemes in right time
• You have to start small units like flour mill, rice mill, adda leaf making, brick making, masks and sanitizer making etc. You have to get skills and lead the life individually.
• NABARD is extending help through finance literacy program
• NABARD is supporting financially for construction of education buildings, water tanks, bridges, hospital buildings construction, bank loans etc. for the government
• NABARD is associated with The District Cooperative Urban Bank since 100years.
• DCCB will sanction agriculture loans to the farmers for purchase of manure, pesticides and other agriculture needs etc,
• If you form 5 member group, bank will provide loan of 5,00,000/- per acre and for two acres 10,00,000/-
• For farmer groups DCCB will provide loans for the purchase of sheep, goats, poultry, cows, she buffalos etc.
• Our financial support is meant for financial development only
• If anybody could not repay the loan amount will be made right off with specific reasons.
• Your financial development is very important
• You have to form into groups
• You have to create share capital of your own.
• You have to conduct regular meetings
• You have to maintain records of your group
• You have to start a unit of your own after submitting an application to bank
• If you start 100 units in a village, out of which 5 units are not successful, the bank will give assistance to fulfill 100% target
• Every unit has to repay the amount compulsorily
• You have to make insurance for any unit you start.
• At present there is 33% of reservation for women
• Every woman should be member in one or other group
• CM has signed first on the women sustainability file
• Both wife and husband should work for the financial development and for the development of the children in the areas of education and health
The resource person also explained some of present available social security & welfare schemes like
Sukanya samrudhi yojana scheme Through DCCB
Prime Minister Jeevan Jyothi Scheme
Prime Minister Suraksha Yojana Scheme

Smt. Santhi CEO of DMWS told that you have to plan systematically to complete any program. You have to form into small groups of 5 members and avail JLGs loans from DCCB. You have to make use of skills which you gained through training of Masks and Sanitizers and supplement additional income by selling them in the market. NABARD will certainly help us in facilitating to avail JLG loans from DCCB. She thanked all the participants, village elder, teacher, NABARD and Sri P.Tirumala Rao, resource person for giving this opportunity to the SHG members of Mettavalasa village and making the program a grand success.