Raipur, 30th October, 2023: Keeping in tandem with financial inclusion for the underserved and unserved sections of the society, Sa-Dhan with support of HSBC is holding Digital Financial Literacy Financial Training at Devpuri, Gondwara, Bhanpuri, Charoda of Raipur from 26-30^th October 2023. Sa-Dhan has partnered with MuthootMicrofin, an NBFC -MFI to spread awareness. The training is part of the Sa-Dhan outreach programme to spread awareness about Digital Financial Literacy and is conducted free of cost.

Speaking about the Digital Financial Literacy Training, Mr. Jiji Mammen, ED & CEO Sa-Dhan said “The last couple of years have seen a rapid push in attaining financial inclusion in India driven primarily through incremental technology change. There has been a massive push from the government in the form of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) and a host of related policy decisions. Significant efforts have also been taken together with the private sector in terms of improving data and network connectivity across rural India, mobile wallets, Unified Payment Systems (UPI) and a number of technological innovations in the financial inclusion space. While the rise of digital financial systems has the potential to further the trajectory of inclusive finance, a key driver in achieving the said objectives is the acceptance and usage by the clients of the various financial institutions that offer these products and services. To further financial inclusion, there is a need to strengthen the entire ecosystem within which last mile agents, clients and MFIs interact with technology and these trainings will empower people to make adopt technology with ease and bring all under the ambit of digital banking.”

Sa-Dhan will be conducting trainings for microfinance institutions field staff, loan officers, business correspondents on one hand and shopkeepers and loan takers on the other. The extensive training module covers:

1.             Importance of digital transactions
2.             Secure digital transactions using OTP, PIN

      iii.            Benefits of linking Aadhaar for financial inclusion

1.             Repayment of loans using online channels
2.             Using off-line platforms through USSD and agent-based technologies
3.             Building Information, Communication and Technology (ICT) skills to enable digital transactions

    vii.            Types of digital financial products or functions that can be performed digitally

  viii.            Knowledge required to transact digitally

Discussions on existing manuals available on specific technologies such as those developed by NPCI, BHIM, specific mobile wallets and so forth.

A short video for MFI customers, with technology neutral content which will aim to build information, communication and Technology (ICT) skills and on-board MFI customers onto the basics of transacting digitally on various platforms such as Internet based platforms developed by mobile. Training is being imparted to more than 500 people which will have an influence on more than 5000 people.