1.2 lakh SHG members to be trained on financial literacy

Nagaland State Rural Livelihoods Mission (NSRLM) informed that the current status of financial literacy in the state was only 8% and for improvement, master trainers have been positioned in all districts to bring a “new revolution” in providing financial literacy to 1.2 lakhs Self Help Group (SHG) members.
A press release by State Program Manager-Financial Inclusion (SPM-FI), NSRLM, Rajuselie Lhousa informed that a team of 30 members from Banks, RSETI faculty and NSRLM staff undertook a six-day Training of Master Trainers on Financial Literacy (TMTFL) at National Academy of RUDSETI (NAR) Bengaluru from May 15-20.
NSRLM said TMTFL would provide Trainer of Trainers (ToT) to four Financial Literacy Community Resource Person (FLCRPs) from each block while the total 296 FLCRPs shall be deployed in villages to train the SHG members in the next few months.
Speaking as the chief guest on the concluding day of the programme at Bengaluru, joint secretary RD and Mission Director, NSRLM, Imtimenla said the State Rural Livelihoods Mission (SRLM) has taken the challenge to bring a new revolution in providing financial literacy by providing training to 1.2 lakhs house-holds (HHs) of SHGs.
She expressed shock at the Nagaland’s financially literate rate (8%) and expressed gratitude to the Ministry of Rural Development (MoRD), for sponsoring the training while acknowledged the NAR for providing a suitable training slot, during such a time of need.
Imtimenla assured that the three pillars of Financial Literacy (FL) intervention viz. the RSETIs, the Financial Literacy Centers (FLCs/LDMs) and the SRLMs would jointly take the FL intervention forward with all sincerity, as per the directive of government of India, RBI, MoRD in providing financial literacy to the SHG members.
She also acknowledged the prominent resource persons from NAR and senior bankers and expressed thanks to the convenor, State Level Bankers Coordination (SLBC), the chairman Nagaland Rural Bank (NRB) and the Managing Director, Nagaland State Cooperative Bank (NSCB) for deputing senior officials to the training.