PSIG Programme

Poorest States Inclusive Growth Programme (PSIG)
(Gender and Financial Literacy Initiatives)

8 films on Financial Literacy and Women Empowerment


 

Household Planning, Saving and Budgeting

Planned vs unplanned, formal institutions for savings, panch sutra, budget, savings habits


 

Health, Simple and compound interest

Loans, Borrowings, savings, information on formal banking

Equal pay for equal work, Insurance , pension and remittances

Consumer rights, grievance redressal mechanism, MFI loans


 

Modes of digital payments, uses and benefits, Modes of digital payments, uses and benefits

Business planning

Financial Inclusion and women empowerment Initiatives-Output IV

The PSIG states are amongst the lowest in terms of Gender Development Index (GDI) including economic marginalization, mobility restrictions due to cultural norms, poor health conditions, and various forms of discrimination and violence against women. Therefore, PSIG endeavours to focus specifically on women’s empowerment through microfinance interventions including financial literacy programme and capacity building of women clients on social, gender and legal rights and entitlements issues. In pursuing this goal outlines three levels of work:

  1. At the institution level: mainstreaming gender into Microfinance institutions, Self help promoting Institutions ( SHPIs) and also pilot in a formal financial Institution like partner Regional Rural Banks (RRBs) in their organisational policies & operations
  2. At the client level focus is on providing financial literacy integrated with women’s empowerment – to capacitate women clients on social, gender, legal rights and entitlements
  3. Developing new products and services that fulfil women’s practical and strategic needs
Gender-Financial-Literacy

Our major initiatives

  • Financial literacy and women empowerment (FLWE) programmes in UP and Bihar with 6 partner MFIs
  • FLWE programmes in MP & Odisha with 10 partner MFIs
  • Gender mainstreaming project with 26 PSIG partner MFIs
  • Partnership with government institutions including SRLMs in Bihar and Odisha
  • Financial Inclusion and economic empowerment of ultra-poor women in MP
  • Using technology to enhance retention and coverage of FLWE modules including 8 films on FLWE
  • Poverty and Social assessment study of PSIG partners.
  • Digital Financial Literacy projects in MP & UP

The PSIG states are amongst the lowest in terms of Gender Development Index (GDI).

Methodology of Training

The FL&WE projects adopt the Training of Trainer (ToT) approach to develop a cadre of community resource persons (called Mater Trainers), trained by experts, to train women clients of microfinance institutions (MFIs) in turn. The trainings are a combination of assisted learning, learning by doing using games and exercises and usage of audio visuals. 

Key Areas of Training

  • Financial Planning and money management
  • Awareness of financial products and Services
  • Awareness of government schemes
  • Ability to choose financial products
  • Participation in decision making within the household
  • Confidence in dealing with banks, gram panchayat and other public institutions

The training of trainers (ToT) was conducted in 3 phases over a period of 12 months. The training of women was conducted in three phases of three days each. Training duration was for three hours a day. A mobile based MIS was adopted for collection of real time data for monitoring and evaluation purposes.

How we made a difference

MFIs
flwe
Madhya-Pradesh-Pilot
up-Pilot
up-scaleup
odisha-Pilot

The major initiatives undertaken by PSIG towards realizing these goals are given below:

  1. Pilot on Financial Literacy and Women Empowerment (FLWE) in 4 states:
  2. Up-scaling of FLWE pilot in 4 states of PSIG:
  3. Institutionalization of gender within policy and operations of 26 PSIG partner institutions :
  4. Partnership with government institutions: The program is collaborating with two State Rural Livelihood Missions (SRLM) of Odisha and Bihar sought for reaching out to approx 2,00,000 women SHG members. :
  5. Financial Inclusion of ultra poor women in MP state :
  6. Poverty and social assessment study in 4 PSIG states: