Business & Finance
Thu, January 15, 2026
Wed, January 14, 2026
Financial Literacy Training Empowers Beneficiaries
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Published in Business and Finance on Wednesday, January 14th 2026 at 14:09 GMT by moneycontrol.com
Financial Literacy Training: Providing beneficiaries with a basic understanding of financial concepts, including budgeting, savings, credit management, and investment. This empowers them to make informed financial decisions and avoid pitfalls. Business Skills Development: Equipping micro and small enterprises (MSEs) with essential business skills such as marketing, sales, inventory management, and accounting. This can be delivered through workshops, mentorship programs, and online resources. Access to Technology: Facilitating access to technology and digital platforms that can improve efficiency, reach new markets, and reduce costs for MSEs. This includes training on e-commerce platforms and digital payment systems. Infrastructure Support: Addressing critical infrastructure gaps, such as access to reliable electricity, transportation, and storage facilities, which are essential for MSEs to operate effectively. Market Linkages: Connecting MSEs with larger markets and buyers, ensuring they can sell their products and services at fair prices.
Beyond the immediate needs of individual beneficiaries, Nageswaran also emphasized the broader importance of financial literacy and credit access for the growth of micro and small enterprises, which are vital engines of job creation and economic development in India. Supporting these businesses not only improves the livelihoods of their owners but also contributes to overall economic prosperity.
The CEA's comments come at a pivotal moment, as the Indian government doubles down on its commitment to inclusive growth and poverty reduction. With a focus on achieving sustainable development goals, policymakers are actively seeking strategies to ensure that economic progress benefits all segments of society. Nageswaran's observations are likely to significantly influence the design and implementation of future policies and programs aimed at fostering inclusive economic growth and promoting genuine empowerment for India's most vulnerable populations. The shift towards a 'graduation' focused approach represents a necessary evolution in India's inclusive finance strategy, moving beyond short-term assistance towards long-term, sustainable economic transformation.
Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/economy/graduation-is-the-missing-link-in-too-much-inclusive-finance-cea-13771578.html ]
