Class 12 Student Teaches Financial Literacy to Women

Class 12 Student Teaches Financial Literacy to Women

Last Updated Sep - 05 - 2024, 04:42 PM | Source : NDTV | Visitors : 62

Vidhi Miglani, a Class 12 student from DPS Kaithal, Haryana, has launched DhanSarthi, a platform empowering women with financial literacy. With over 5,000 women
Class 12 Student Teaches Financial Literacy to Women

Financial literacy is crucial for managing and investing money. Post-Independence India's literacy rates have increased, but the country is still at a nascent stage.

A study by SEBI shows that only 27% of the population is financially literate, with less representation from rural areas and women. Cultural and societal barriers hinder women's participation in financial decisions. India lags behind countries like the US and Germany in financial education, with programs still evolving compared to those in the US or Germany.

With an aim to empower and educate women by making them financially literate, Vidhi Miglani, student of Class 12 at DPS Kaithal, Haryana has created DhanSarthi, a digital platform that provides financial knowledge to women. Speaking about her initiative, Ms Miglani told NDTV, "Through DhanSarthi, we have been able to make a real impact on the ground. So far, we have helped over 5,000 women across four states gain financial knowledge and access to banking services. Our organisation has conducted 175 awareness drives, partnered with major banks, and helped women open bank accounts, enroll in government schemes like Sukanya Samriddhi Yojana, and even form microfinance groups"

"Our peer-education model has been particularly successful. We have created a network of 200 community leaders who continue to spread financial education," she adds. 

Sharing insights on the challenges faced by her while introducing the initiative, Ms Miglani  says, "One of the biggest challenges has been breaking through the cultural and social barriers that often discourage women from being involved in financial matters. Initially, many women were hesitant to even attend our workshops, as discussing finances was not something they were used to. Another challenge was the language barrier."

"Getting women to trust the banking system was tough because many had bad experiences with incomplete documentation for government schemes. But by patiently addressing these issues, building trust, and offering practical solutions, we have been able to overcome these hurdles," she adds.

Ms Miglani further hopes to create more financially literate women by implementing the initiative across the country. She says that educating a woman creates a ripple effect, each woman empowered further goes on to empower others.

READ MORE| All India Institute of Ayurveda and Amity University Forge New Partnership

Share :

Trending this week

Main exam shift No more

Oct - 08

Starting 2026, students appearing for national level entrance exams like JEE Main, NEET-UG, CUET, and others may no longer be allowed to choose the... Read More

UGC Allows 101 Universities

Oct - 08

The University Grants Commission has approved 101 universities and 20 Category-1 institutes to offer Open and Distance Learning programs for the 20... Read More

Education Ministry Mandates

Oct - 08

In a significent step toward promoting digital self relience, the Ministry of Education has directed all its departments and affilated offices to a... Read More