ICICI Foundation Conducted Financial Literacy Awareness program for the MCDF

Mukti in association with ICICI Foundation organized a virtual Financial Literacy Awareness program on 22^nd October 2021, Friday from 1 PM-2 PM primarily for the MCDF (Mukti Community Development Fund) members so that they can make sound financial decisions and ultimately achieve financial well-being. 115 attendees including MCDF members, MCDF project coordinators, Mukti office staff and volunteers attended the meeting. Mr. Mainak Chakraborty, the Financial Education Consultant from ICICI Foundation, Kolkata conducts the meeting.

Mukti expresses sincere thanks to Mr. Chakraborty and ICICI Foundation for contributing their valuable time to make the MCDF members financially sound.

Mr. Chakraborty, in a very simple yet interesting way, through a PowerPoint slide presentation explains what Financial Literacy is, the fundamentals of Components of Financial Literacy, the Importance of Financial Literacy, the Benefits of Financial Literacy and how to avoid fraud cases.

He said that financial literacy is the confluence of financial, credit, and debt management knowledge that is necessary to make financially responsible decisions—choices that are integral to our everyday lives. He emphasizes budgeting, understanding of interest rates, savings, credit-debit cycle trap, theft issues and safety.

The beneficiaries find the session valuable. They thanked Mukti and Mr. Chakraborty for an excellent knowledgeable session. The information they gain will help them to avoid fraudsters in the future. After receiving this training, they will be able to make more people aware of the fraudsters.