Financial Inclusion

Financial Inclusion

Hindrise Social Welfare Foundation, a financial inclusion NGO, is facilitating financial inclusion by creating awareness about financial literacy for women via education, joining hands with the private players, and circulating the information about the financial services that all the beneficiaries must get for sure. By giving priority to the financial inclusion method, we won't let discrimination happen in the society concerning banking and financial services, and thus, we ensure that these services should reach everyone's door irrespective of the economic status of families.

Both men and women must be familiar with the financial knowledge in order to effectively take part in economic activities and to make reasonable financial decisions not only for themselves but also for their families. It's a disheartening fact that women often have less financial awareness and inadequate access to formal financial products in comparison with men. Thus, we must say that women have specific as well as additional financial literacy needs.

Our financial inclusion NGO is aiming to make women in every household independent and capable enough to take financial decisions and also, we are striving to enhance their knowledge regarding financial products and services.

Financial inclusion is a driving factor that stimulates the development of an economy. We are making strategies by keeping in mind the financial inclusion factor along with its effective implementation in most of India's underprivileged communities. Our NGOs, with the collaboration of community organizations, is readily making efforts to become an efficient outreach partner in the progress of rural or underdeveloped areas of several states in India.

Financial Literacy for Women in India

Financial literacy is undoubtedly a key through which our country will be capable of empowering the maximum number of women. The National Commission for Women has been making regular efforts ever since it has been brought to light in 1992 for the welfare as well as upliftment of women in every field. The core objective is to empower the female population of our country.

  • Through financial literacy and digital literacy for women, the female population of India will be empowered.
  • Women in India must be aware of existing financial products as well as services.
  • They must know about the various government schemes introduced by the Central & State Government for empowering them. Also, they need to learn about the benefits associated with those schemes.
  • Promoting money management and financial planning is crucial, and women should know how to manage their finances in an optimum way.
  • It is important for the female population to take active participation in decision making in the household. They must know how to maintain the balance between saving and expenditure. In addition to this, they should focus on household planning.
  • Women should know how to manage their financial resources, and men must encourage them to come forward and take the lead.
  • At our financial inclusion NGO, Hindrise Social Welfare Foundation, we are leaving no stone unturned in the capacity building of women.
Financial-literacy-NCW.pdf

Financial literacy boosts the capability of women to go for making independent decisions. Be it a crisis, unexpected circumstances or adverse events, financial literacy empowers an individual to rebuild his or her life on his or her own terms.

Financial literacy for women develops the foundation for empowerment. If we endeavour to construct and live in an equitable environment where all the people, irrespective of gender and location, has the freedom to do future planning, set goals, work and feel the vibes of financial security, then we should discuss more the value of financial literacy in the modern scenario.

Our Financial Inclusion NGO is Bridging the Gap between Formal and Informal Systems

We are endeavouring to bridge the existing gap between formal and informal systems and create a lasting impression holding positivity in the lives of underprivileged ones living under the restraints of difficulties and various complex issues. Our financial inclusion NGO, Hindrise Foundation, is inclined more towards the financial inclusion method with the aim of maximum participation of rural natives in matters related to financial management.

As we are consistently working in the course of financial inclusion in India, we are increasing the accessibility in order to receive documents approved by the government. Our team at Hindrise Social Welfare Foundation, a financial inclusion NGO, is reaching out to underprivileged people residing in economically backward areas and helping them throughout the bank account opening and applying for a loan. The problematic part associated with such natives is a lack of identity proof with them. Thus, making identity proof available to all of them is one of our responsibilities.

Notable Facts

  • Women who tied the knot at an early age (age group- 18 to 25) are most powerless as their finances are controlled and managed by their spouses.
  • Survey report 2005- 2006 indicates that only 7% of women who belong to this age group had their bank accounts.
  • Furthermore, only one out of four women have had a part in crucial household decision making.
  • However, within 10 years, i.e., from 2015 to 2016, a report exhibited that there was around a six-time increase in the percentage of women of the age group (18-25) who had their bank accounts and took part in household decision making.
  • Going by one of the available data, we concluded that about 42% of women have bank accounts and 51% of women who falls in the range of this age group take an active part in household decision making.
  • Among aged women those who have bank accounts, the total percentage has jumped from 20% to 60%.
  • The participation rate has witnessed an upward trend from 60% to 77% in vital household decision-making.
  • These positive shifts imply enhanced participation of women in governing their finances and money.

Initiatives Taken by Government

The Government of India has taken numerous requisite financial inclusion initiatives for empowering women; such as Atal Pension Yojana (APY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY), Pradhan Mantri Jan-Dhan Yojana (PMJDY), Pradhan Mantri Mudra Yojana (PMMY), and Pradhan Mantri Shram Yogi Maan Dhan Yojana (PM-SYM), which has transformed the financial inclusion landscape. Such initiatives by the Indian Government have brought the excluded segments into the financial mainstream and assured their access to several financial services. Taking control of the financial future has become the need of the hour for women and men.

Hindrise Foundation, a Financial Inclusion NGO, is Empowering Women

Being a financial inclusion NGO, Hindrise Social Welfare Foundation is spreading the message that if given the authority to handle finances, women can turn out to be far better and efficient than men. Financial inclusion is a pathway through which we are attempting to give more power to our mission of empowering the maximum number of women and helping them take giant steps with respect to money or financial management of the family.

Although many women have proved their prowess in all areas of life, people with a conservative mindset, especially in less developed regions, believe that women can't properly manage finances. Over the past few years, women residing in rural and semi-urban areas have started using smart phones and have become familiar with many technological devices and concepts. However, a considerable section of the female population in backward regions is not much into technological things.

Financial-literacy-NCW.pdf

At the Hindrise Social Welfare Foundation, we are creating financial awareness in the lives of underprivileged individuals belonging to low-income groups. Through various programs and campaigns, we spread awareness about easily affordable saving instruments. In addition to this, we have a deep faith that women would become financially independent to make all sorts of decisions in their life.

Our financial inclusion NGO, Hindrise Social Welfare Foundation, is creating a structure through which India can transform into an entirely financially inclusive economy where benefits will be for privileged ones as well as underprivileged ones. Making women financially literate has become an integral part of our agenda, and thereby, we can sustain financial inclusion at the same time ensuring the empowerment of women. Since we have adopted the method of financial inclusion, we are encouraging women to grab employment opportunities and learn the aspects of financial management to enjoy a financially independent life.

Six Habits for Financial Fitness

The six key habits for financial fitness are mentioned below-

The Final Destination for our Financial Inclusion NGO is Still Miles Ahead

Our financial inclusion NGO, Hindrise Social Welfare Foundation, is shaking hands with private partners and marching ahead with a common goal to accomplish reliable financial inclusion in India. Our alliance with banks and financial corporations will help in ascertaining those products that can serve the underprivileged ones for entire financial inclusion. Through our financial inclusion NGO, we will be pushing the economically disadvantaged people of the country to enjoy the benefits associated with digital business solutions.

Even though the ball is in our court and we are going according to our expectations and plans, the final destination is still not visible, and we can say that it is miles ahead of the point where we are standing. When it comes to making unparalleled efforts, our financial inclusion NGO, Hindrise Social Welfare Foundation, has proved its mettle in the sphere of financial inclusion. The way we are proceeding ahead, we can say that things would come under our control in the forthcoming period. Our breakthrough solutions for women living in poverty-stricken areas have helped many women, and we are all set to achieve financial inclusion for the betterment of our society very soon.

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