I took part in a financial education workshop organized recently by NCFE, it had helped me & my family to come out from financial distress.
I have learnt importance of budgeting, savings and planned investment. Earlier I had one cow giving 5-6 liter milk per day. Now I have purchased 2 more cows giving 15-20 liters each. This gives me a good amount of daily income and I am able to save a good part of it. It was possible due to proper financial planning. Through Systematic saving I was able to help my villagers during the pandemic to take care of their medical expenses.
I have subscribed to Ayushman Bharat Golden Card it provides a health cover of Rs. 5 Lakh. I have learnt about PMSBY and PMJJBY which are flagship insurance schemes of GOI and I have protected my family by subscribing to this schemes. It is cost effective and hassle free. I have even insured my cows for which Department of Veterinary helped me a lot.
The knowledge gained in the workshop on long term planning changed my perspective towards life and money & also encouraged me to open Atal Pension Yojna (APY) account for me & my husband. I am now convinced that financial literacy is an essential life skill that everyone should possess. Hence I am trying to disseminate the knowledge that I have gained through the workshop to as many people as possible.
I am thankful to NCFE for organizing this workshop at our place, which helped me view my life optimistically.
