The financial system of a country plays a key role in the growth and development of a nation. In the agenda of financial literacy, it has rightly been said, “Financial literacy needs to be embedded in our way of life. Everyone who earns an income is a potential saver, every saver is a potential investor and every investor ought to be financially literate.” Peoples are suffering from financial diseases like underinsurance, debt trap, insufficient retirement funds and low return on investment – all of which is caused due to financial illiteracy. The consumers need to be financially literate to be able to understand the financial world and make well-informed decisions that will be profitable. When comparing and evaluating financial products, the consumer should be well aware of the basic terms of financial markets and the latest trends to manage their savings. The program took place on 4th Jan 2017 at Parbat District of Rahale,on 6th Jan 2017 at Baglung District of Galkot and on 8th Jan 2017 at Myagdi District of Babiyachour supported by Nepal Rastra Bank, Governor Office, Baluwatar, Kathmandu.
Objectives of the Project
- To teach people about the basics regarding savings, credit, insurance, remittance and investments.
- To introduce entrepreneurs to successful management strategies they can apply in the everyday operations of their activity.
- Use of proper banking system.
|Location||Target Participants||No. of Participants||Result|
|Parbat District of Rahale||50-100||97||Achieved|
|Baglung District of Galkot||50-100||72||Achieved|
|Myagdi District of Babiyachour||50-100||81||Achieved|