‘Arth Sangini’ NGO taught financial management tips to women constables

Indore (Madhya Pradesh) [India], June 22: ‘Inflation eats up your hard-earned money. You should save your capital. It is always a profitable deal to invest in a place that gives higher returns than inflation. Shanu Mehta, the founder of ‘Arth Sangini’ NGO, told these tips to the newly appointed women constables in the webinar of Police Training College, Indore on Monday.

She said that instead of keeping money in a savings account, making a fixed deposit or recurring deposit will give higher returns. If at present inflation rate is 6 percent, then you have to invest your capital in such a place where you will get more than 6 percent return only then you will save.

On this occasion, Professor Himanshu Rai, Director, IIM, Indore said that one should always work in life with purpose and excellence. Shanu Mehta, Visiting Faculty at IIM, Indore said that the amount that can cover the expenses of 3 months should always be kept in the account as an emergency fund.

Mehta said that the sooner you start investing, the more profit you will get. Never think that now I am very young why I should invest now. If someone saves 3 to 5 thousand rupees every month, then with the power of compounding, he can easily become a millionaire in 20 to 25 years.

Mehta said that if you want to be financially independent then you have to take your own decisions. Along with investing, she also explained the entire process of budgeting. In this webinar  Aruna Mohan Rao,  Special DG Training, Anuradha Shankar,  ADG Training, and SP Agam Jain,  PTC also participated. More than 200 women constables got financial management training under this program.

Arth Sangini is an NGO engaged in the work of spreading economic literacy among women. This NGO is helping needy women in product sales through a network of collaborators.

Leave a Reply

Your email address will not be published. Required fields are marked *

National

Dinesh Shahra Foundation presents first of its kind – “Goupala Gourava Awards” for Cow Preservation & Rural Empowerment

Dignitaries standing with the winners of Goupala Gourava Awards 2022 ~ Partners Kamadugha Trust to strengthen its Gau Shakti Abahiyan programme with this rural initiative ~  Mumbai (Maharashtra) [India], May 25: Dinesh Shahra Foundation (DSF) underlined its commitment to “Gau Seva” (service for the welfare of cows) by presenting the Goupala Gourava Awards – 2022. […]

Read More
National

A toxic triple combination of conflict, weather extremes and the economic impact of COVID-19 pandemic risks decades of progress in health and development

New Delhi (India), May 24: The world is seeing unprecedented levels of humanitarian crises. Conflict, weather extremes and the economic impact of COVID-19 are a toxic triple combination that threaten to undo decades of progress in health and social development for the world’s poorest and most vulnerable women, children and adolescents. Delegates attending Lives in […]

Read More
National

Action Aid Association- The fight against witch-branding needs a national legislation

May 23: On 16th May 2022, Sukrat Bai, her husband Narmad Singh, and their 12-year-old granddaughter Kumari Mahima were brutally killed in Madhya Pradesh, under the suspicion of black magic. This tragedy surfaces just a month after the murder of Sukra Kasua and Balamadina Tirkey in Assam for supposedly practicing witchcraft. All five victims across […]

Read More