Concept Sharing Workshop for Marginalized Women on Financial Literacy

Organized by

Shishu Polli Plus

Conducted by

Narayanpur Integrated Development Society (NIDS)
West Bengal


NIDS is a leading NGO of West Bengal working with a mission to empower the people, with right knowledge and financial independency in the country since 2007. One of the major strategies of NIDS is to conduct financial literacy training and awareness programs to spread the knowledge on financial skills and management to the poor and economically disadvantaged sections of society. Hence it is crucial to understand the concept of financial literacy and learn the tools to carry the messages to the field.

Relevance of the Concept Sharing on Financial Literacy

Shishu Polli Plus working with destitute mother and often the first place where each woman wakes up knowing that she will be safe, will receive nutritious meals, and will have the company and friendship of other women came from similar circumstances. Women beneficiaries are provided with skill training according to the plan developed with them. This training includes managing a small shop or business, basic  beauty therapy, housekeeping, poultry farming, plant nursery, vegetable growing, fish culture and caring for livestock. These women are being empowered by the income they received while they live with SPP. SPP pays them a small allowance in every month of their staying plus a compulsory savings scheme. Each year, the women vote to increase their savings rather than their monthly allowance – a welcome sign that they have started to appreciate that they need to plan for the future.

After the skill training programme women are released from SPP then they depend upon their own support. They start their business and survive their life independently. Sometimes they don’t able to manage their money, business and related all situations due to the lack of financial management knowledge.

We (NIDS) believe Financial Literacy is, in essence, the ability to understand how money works in the world, how to earn or make it, how to manage and keep it, how to invest it and how to utilize it efficiently to empower the community. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with their current financial resources. Financial literacy is a combination of financial knowledge, skills, attitudes and behaviors necessary to make sound financial decisions, based on personal circumstances, to improve financial wellbeing.

In today's fast-paced consumer society, financial literacy is an essential everyday life skill. It means being able to understand and negotiate the financial landscape, manage money and financial risks effectively and avoid financial pitfalls. Improving financial literacy can benefit anyone, regardless of age, income or background. It helps people make informed choices, day-to-day and throughout their lives.


Enhance financial knowledge and skill of the financially marginalized women to manage their hard earned money to live with dignity.


Objective of the Programme

  1. Spreading Financial Literacy amongst the financially marginalized women by building their financial awareness & knowledge.
  2. To enable them to manage their finances and thereby making them financially self-reliant and to provide them better and secured future with dignity.


The camp was facilitated through participatory methods using the following tools: Interactive session, using descriptive and eye-catching charts, question/answer participation, educational film screening & subsequent discussion. The camp was delivered in Bengali.


The participants are staffs, caregivers, mothers and other beneficiaries of Shishu Polli Plus. A total of 25 participants participated in the programme among which we received feedback from 19 participants at end of the programme.

Resource Persons

Mr. Ritwik Ray, NIDS

Arpita Sengupta, NIDS

Opinion obtained from participant’s about Concept Sharing Workshop on Financial Literacy

  • Financial Literacy is essential to learn for marginalized women stay with SPP project in Sreepur, Gazipur.
  • Financial Literacy is needed for these women to develop their financial status and personal life.
  • This programme helped to develop understanding of income, expenses, savings, wise spending, etc.
  • The whole programme not only helps these women also it will help the staffs to manage their personal and professional financial life.
  • They learned Household budgeting, concept of savings, investment and borrowing.
  • The 5 days or 3 days TOT programme on Financial Literacy may bring more relevance to the project run by SPP.


It was noted that the programme is an eye opener to start household budget and financial planning. However, there is an evident gap in financial knowledge, especially lacking was a resourceful savings and investment approach, which was the topic NIDS focused on during this programme. The reception was positive and enthusiastic; such programmes need to be conducted on a large scale to cover all in here. Due to shortage of time schedule we were not able to explain and share all modules, documents related to this programme. In future we will try to share more about the concept.