‘Finance Frontier’, helping poor in day to day fiscal management
‘Finance Frontier’, helping poor in day to day fiscal management
B.D.Kasniyal
Pithoragarh, Aug 5
To inculcate in women belonging to low income group to save money for future needs of their families, by setting appropriate financial priorities, Suhana Grewal, a 17 years old student of a Gurugram public school, has created ‘Finance Frontier,’ a youth led organisation that provides financial education to young adults across the nation.
“As most of women work force in the country is low paid, in which they have to take care of their daily needs as well as their future needs, we have set their expenditure priorities in such a way that they could live healthy life and save money in insurances or other saving ventures,”said Suhana who talked to this correspondent from Rudrapur in Udham Singh Nagar district of Uttarakhand.
Suhana’s father Anmol Grewal, works as an engineer with Ashok Leyland company in Rudrapur.”She wants to study micro finances from some prestigious university in US or Europe to continue working amongst the low income group women in India,” said Anmol Grewal.
According to Suhana, the programmes of her organisation, ‘Finance Frontier’, taking care of small finances, have impacted over 7000 youths globally. “We have in last two years impacted small finances of over 300 low income group women from Uttarakhand, Jharkhand, Bihar, Haryana, Chandigarh and Delhi NCR ,” claimed Suhana.
The methods to provide financial education to low income group women includes, online courses, personal sessions, one to one mentorship and newsletters circulation providing methods to save money even in small incomegroups,
Seema (48) hailing from Kotdwar in Uttarakhand and working in Chandigarh and earning only Rs 15000 per month, has said that she came in touch with Suhana, a year ago through her elder sister, and learned how to save money by reducing expenditures in routine way.
“Some other women working as domestic help are also following her advise and saving money despite earning small amount per month by setting their expenditure priorities in right direction,” said Seema.
Dr Chandra Datt Suntha, a commerce professor and retired Director of Higher Education in Uttarakhand says that saving in low earning groups is essential not only for their future but also for the growth of nation. “If the small amount saved by unorganised workers goes to banks it not only secures their future but also future of the nation as it gives essential liquidity for industrial growth,” said Dr Suntha.
