Nagpur: The majority of students in public schools in rural areas are the children of workers and workers. Considering the poor financial situation of these students, terms like banking, savings, financial planning, etc. are considered foreigners for them. But the reality can be completely different.
According to Amruta Rajendra Deshpande, Certified Management Accountant (CMA), âstudents in rural areas, who study in public schools, have a better understanding of concepts related to money, banking and savingsâ.
Amruta led a financial literacy campaign for young students by visiting rural schools in Vidarbha.
While International Savings Day will be celebrated on October 30, Amruta celebrates it almost daily. This day was created to educate people about saving money in a bank rather than keeping it under their mattress or at home. Amruta, originally from Wani (Yavatmal district), made it her mission to visit rural schools and educate children about banking, savings and financial literacy.
Author of two books on financial literacy, Amruta leads these informative discussions for free. Since the reopening of schools in rural areas, she has visited more than 65 schools in rural Yavatmal and 20 in Chandrapur district.
âToday, students have default bank accounts and receive many government allowances. Many students work in weekly markets and earn money on a regular basis. Others help their parents and earn pocket money. This is the best time to learn the importance and benefits of saving, âshe said.
Amruta’s 45-minute briefing includes the basics of banking, an introduction to RBI, account types, identifying genuine banknotes, and more. She intelligently shares the benefits of small economies. She has been doing this for a long time, however, she launched it as a formal mission and named it âVitta Prabodhiniâ after schools reopened in August in rural areas.
âI started it as a mission after knowing a student who had attended one of my previous seminars at her school. The girl has saved 5,000 rupees on her account. During the pandemic, when her mother was infected and admitted to the hospital, that money was used to support the family, âAmruta said.
She points out that if children are educated financially at school level, it will go a long way in reducing poverty in the long run.
In the next phase of the mission, she plans to visit rural schools across Maharashtra.
– Students from rural areas who study in government schools have their default bank accounts
– They get financial aid credited to these accounts under the DBT scheme
– Many students help their parents to sell agricultural products, etc. and earn money daily
– If these students are aware of the banking system, it can change their mentality
– CMA Amruta Deshpande leads âmoney awarenessâ seminars in rural schools
– She has interacted with 7,000 students since the reopening of schools in the countryside of Vidarbha
– She talks about the importance of saving, explains terms like KYC, RBI, etc. in simple language