DSP BlackRock MF & Sanchayan Society Conduct 10 Financial Literacy Workshops for Women

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Series of 10 workshops organised from January 17th –  March 8th 2013 across Delhi- NCR region, Workshops benefit over 500 women from the lower income segment

INDIACSR News Network

DELHI: DSP BlackRock Investment Managers Pvt Ltd, one of the premier asset management companies in India, has partnered with “Sanchayan Society” to organise a series of financial literacy workshops to address financial needs of women in the lower income segment in the Delhi- NCR region.

A series of 10 financial literacy workshops have been organised in economically weaker sections in the Delhi -NCR region including Ghazipur Dairy, Ghazipur Village, Sikandarpur Village and Mandigaon Village between January 17th to March 8th 2013. The objective of conducting these workshops is to educate women from the under-privileged sections of the society, and impress upon them the importance of understanding basic financial terminologies, which are critical to the functioning of their day to day lives.

Over 500 women from the lower income sections of the society were introduced to the benefits of financial planning & management and also the importance of investing and budgeting. Daily wage earners from slum areas were invited to the workshop and they were familiarized with financial concepts while being introduced to the world of financial planning.

Information and concepts like basic information on the benefits of holding a savings bank account, life and general insurance, pan card, Aadhar Card, Fixed deposits, Postal Schemes, difference between a cheque and a demand draft, usage of ATM machine, Pension products, among others were shared with the participants during these workshops.

Aditi Kothari, Executive Vice President, DSP BlackRock Investment Managers Pvt Ltd, said “We are happy to work with Sanchayan Society on this unique program. These workshops would be a vital first step for many under-privileged women towards greater awareness and understanding of finance and investments.”

Mr. Avik Kedia, Founder of the Sanchayan Society said, “Sanchayan Society has always been at the forefront for financial literacy initiatives amongst the poorest, as this is one section of the society which is generally always left out. We believe building strong economic national initiatives like these will go a long way in aiding financial inclusion and development for this crucial segment.”

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 JV, is one of the largest quoted asset management companies in the world and manages assets in excess of USD 3.79 trillion as of December 31, 2012.

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