A Capacity Building Programme on Financial Literacy was held at the Town Hall, Seyochung Town, Kiphire District, Nagaland, on Friday. The programme was organised by Jingkhu Muzing Mulong in collaboration with the Small Industries Development Bank of India (SIDBI).
The programme focused on improving financial knowledge and helping families, Self-Help Groups (SHGs) and livelihood entrepreneurs make better decisions with their money.
The CEO of Akehda Amulung Kiphire conducted the session on financial literacy. The session covered important topics such as earning, spending, saving, borrowing and financial protection.
Participants were encouraged to prepare household budgets, track their daily expenses and develop the habit of saving regularly. The session highlighted that even small and regular savings can help families become more financially secure.
Special attention was also given to SHG financial management. Participants learned about maintaining proper records of savings, loans and repayments, as well as following the Panchasutra—regular meetings, regular savings, internal lending, timely repayment and up-to-date books.
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The session also explained responsible borrowing, including the importance of understanding interest rates, fees, total repayment amounts and repayment schedules before taking a loan. The difference between flat interest and reducing-balance interest was also discussed.
Another important part of the programme was digital financial safety. Participants were advised never to share their OTP, UPI PIN, ATM PIN or passwords and to remain alert against fake links, fraudulent calls, QR-code scams, fake rewards and fake loan offers.
The session further touched on insurance, government financial inclusion schemes, banking services and livelihood entrepreneurship. Participants were encouraged to keep household and business money separate, maintain proper business records and understand their actual costs and profits.
The programme concluded with a practical 7-day money action plan, encouraging participants to record income, track expenses, save regularly, check bank records, review SHG records, learn about fraud prevention and set financial goals.
The key message of the session was: “Earn wisely, spend thoughtfully, save regularly, borrow carefully, protect your family and plan ahead.”
The programme was attended by members and participants from the local community and aimed at strengthening financial awareness and responsible money management at the household and SHG level.
