The State Bank of India (SBI) has conducted an unprecedented feat by organizing a record 126 financial literacy camps in a single day in Karnataka, India. This initiative aimed to empower women from diverse backgrounds, including Self-Help Group (SHG) members, Anganwadi workers, agricultural workers, entrepreneurs, ASHA workers, students, and homemakers. A total of 5,429 women participated in these camps, which were set up to promote financial literacy and knowledge.
According to Joohi Smita Sinha, Chief General Manager of SBI, empowering women financially is a vital factor in driving economic growth, fostering stronger households, and creating a more resilient economy. Financially empowered women can play a crucial role in achieving inclusive growth and national progress. As the largest and most trusted financial institution in the country, SBI is committed to bridging the financial knowledge gap and creating a more inclusive and secure future for all.
The financial literacy camps aimed to educate participants on various aspects of personal finance, including budgeting, saving, and investing. The camps also provided information on government schemes, insurance, and other financial products, as well as offered guidance on how to manage debt and make informed financial decisions.
This initiative marks a significant milestone in SBI’s efforts to promote financial inclusion and empower women in Karnataka. By providing access to financial knowledge and resources, SBI is helping to break the cycle of poverty and promoting economic growth in the region. The success of this initiative demonstrates the bank’s commitment to making a positive impact in the lives of millions of people and creating a more equitable society.