DSP BlackRock and Parinaam Foundation to Conduct Financial Literacy Workshops for 1000 Women

34 workshops to be organized across 24 locations in India to address the financial needs of women in the lower income segment

IndiaCSR News Network

NEW DELHI: DSP BlackRock Investment Managers Pvt. Ltd., one of the premier asset management companies in India, has partnered with Parinaam Foundation to organize a series of financial literacy workshops to address the financial needs of women in the lower income segment. Over 1000 women across India would benefit from the initiative.

Under the ‘Diksha Financial Literacy Program’, these financial literacy workshops aim to educate women from the lower income sections of the society and impress upon them the importance of understanding basic financial planning, which are critical for their day to day lives and for a safe and secure future.

The workshops are divided into five modules spread over five weeks which includes sessions on simple numerical skills; how to maintain a financial record of her income and expenditure; understand the importance of savings and her different options; most crucially, understand how to borrow within their capacity to repay and to be in control of their financial condition.

These workshops will be organized in 24 locations across India, which include Mumbai, Pune, Gujarat, Ajmer, Jaipur, Alwar, Bengaluru, Hosur, Salem, Erode, Dhanbad, Baramunda, Puri and Cooch Behar. Each city will have a minimum of two slots of 60 women and a few branches will have four slots of 120 women.

Aditi Kothari, EVP and Head of Marketing, DSP BlackRock Investment Managers Pvt. Ltd., said “We are happy to work with Parinaam Foundation on this unique initiative. It is important for women to take that vital first step towards awareness and understanding of financial products for their well being and for that of their family.”

Mallika Ghosh, Executive Director, Parinaam Foundation said, “Diksha was created to empower underprivileged women and teach them how to manage their finances by taking control of their lives. Parinaam aims to give her confidence and knowledge to enable her to make her own financial decisions. A woman is the backbone of a family and by educating her we are also educating an entire family.  It is wonderful that DSP BlackRock is supporting the education of underprivileged women and we look forward to making a positive change in these families’ lives through this partnership”

DSP BlackRock Investment Managers Pvt Ltd
DSP BlackRock Investment Managers, a Joint Venture between the DSP Group and BlackRock, is one of the premier Asset Management Companies in India. The DSP group has a track record of over 145 years and through its investment companies owns a 60% stake in the joint venture.  BlackRock Inc., which owns a 40% stake in the joint venture, is one of the largest quoted asset management companies in the world and manages assets in excess of USD 4.324 trillion as of December 31, 2013.

Parinaam Foundation
Parinaam Foundation is a not-for-profit organization working throughout India with underprivileged families. Recognizing that poverty manifests itself in various forms, Parinaam provides a range of holistic initiatives including 1) healthcare; 2) education; 3) professional development and 4) community development. We are more than just another aid giving organization, and we see ourselves as a friend, mentor, and companion to ‘our folks’; someone they can always turn to for support. This experience has translated into the development of one of our most viable and scalable programs – The Diksha Financial Literacy Program.