Latest news with #FinancialLiteracyProgramme
Sharjah 24
a day ago
- Business
- Sharjah 24
NAMA's programme empowers women across Sharjah
When Mariam Al Naqbi, a mother from Al Madam in Sharjah, started teaching her children about saving during dinner, it was more than just a new routine. It reflected a deeper shift in how she viewed money, no longer just a source of stress, but a means to plan, learn, and even dream. She was one of nearly 200 women across Sharjah who recently participated in the 'Financial Literacy Programme' organised by NAMA Women Advancement (NAMA). Participants in Sharjah city, Kalba, Dibba Al Hisn, and Al Madam engaged in practical training designed to demystify personal finance and provide effective strategies for saving, budgeting, and informed spending. Building financial confidence Led by financial consultant Salah Al Halyan, the programme moved beyond theory, and participants were encouraged to apply what they learned in real-life scenarios, from creating monthly budgets to assessing the risks and benefits of borrowing. The sessions focused on building financial confidence, particularly among women at the early stages of their professional or family journeys. For Latifa Al Mulla from Kalba, the course offered something she had long needed: clarity. 'I felt like I finally had a roadmap,' she said. 'I used to feel overwhelmed by monthly expenses. Now I see where the money goes, and I feel in control.' The programme also instilled the confidence needed to pursue entrepreneurial ambitions. One participant from Dibba Al Hisn, who had shelved her dream of starting a small home business, said the training gave her both the numbers and the mindset to move forward. 'I always thought finance was too complicated for me. Now I know how to plan and start with what I have.' Such outcomes reflect a broader philosophy that drives NAMA's efforts, with the belief that true empowerment begins with understanding. The organization emphasises that financial literacy is not just a useful skill but is essential for long-term stability, security, and meaningful economic participation. UAE benchmark for balance and equal opportunity While the course was tailored to women's personal experiences, its relevance extends to national priorities as well. According to the UAE Ministry of Finance, Emirati women account for 54.7 per cent of employees in the federal financial sector and hold 42.8 per cent of its leadership positions. In total, they represent more than three-quarters of the workforce in this field. These figures point to a wider trend, the growing role of women in shaping the country's financial future. Among Emirati youth, 78.12 per cent are female, underscoring the importance of early, sustained investment in their capabilities. Under the leadership of Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA, the organisation has prioritised financial education as a tool for personal growth and community resilience. Initiatives like the 'Financial Literacy Programme' are part of a broader push to equip women not only to participate in economic life, but to lead it. For Mariam, Aisha, and their fellow participants, the programme's impact is vividly clear. It's reflected in newly drafted savings plans, and carefully managed household budgets that now guide their financial decisions. This shift to informed action and confidence empowers their financial journeys, actively shaping their futures.
Hans India
14-06-2025
- Business
- Hans India
Banks told to sanction SHG loans via digital MCP
Tirupati: District Collector Dr S Venkateswar instructed bankers to sanction loans to Self-Help Groups (SHGs) under the Annual Livelihood Plan through the digital Micro Credit Plan (MCP) system. He chaired the District Level Bankers Committee (DCC) meeting on Friday at the District Collectorate, and was joined by RBI LDM Giridhar, LDM Guntur Ravi Kumar, Union Bank Regional Head Samanji Sharma, and officials from various banks. Speaking on the occasion, he outlined the importance of implementing the Annual Livelihood Plan and ensuring that digital MCP channels are utilised effectively to support SHGs. He highlighted that Tirupati, being an educational hub with several universities, must prioritise the sanctioning of education loans as part of financial inclusion efforts. He also reviewed the PMEGP scheme, stressing that all sanctioned units should be grounded promptly. He pointed out delays in loan disbursal by some private banks and urged them to act without further postponements. He directed all bankers to meet the defined lending targets without fail. With forecasts indicating heavy rainfall in the district, the latter urged bankers to pay special attention to crop loans, particularly for tenant farmers holding cultivation cards, and to ensure timely disbursal. He also underlined the need for financial literacy initiatives, instructing banks to organise special camps to raise public awareness about digital transactions under the Financial Literacy Programme. Following the meeting, the Collector, along with RBI LDM Giridhar and Union Bank Regional Head Samanji Sharma, released the Tirupati District Annual Credit Plan 2025–26. The meeting was also attended by NABARD DDM Sunil, DRDA PD Sobhan Babu, MEPMA PD Ravindra, and several senior bank officials.
Sharjah 24
24-04-2025
- Business
- Sharjah 24
NAMA set to launch ‘Financial Literacy Programme'
NAMA's expert-led initiative aims to provide the participants with the skillsets to reinforce their professional careers, achieve financial independence, build wealth and boost financial security. By providing actionable advice and strategies to enhance career and business confidence, the programme will cover essential topics such as financial goals, budgeting expenditure & spending, borrowing and debt management amongst others. Furthermore, the programme will be helping the participants to achieve their personal objectives. The initiative is aimed at retirees, housewives, employees, and students who are looking to reinforce their skills in budget management, saving and investment, or seeking advice on money management, the programme also targets mothers who wish to foster business acumen and smart financial habits in their children. Empowering women through knowledge and practical skills Commenting on the announcement, Her Excellency Mariam Al Hammadi, Director General of NAMA Women Advancement Establishment, said: 'Under the directives of Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Rule of Sharjah and Chairperson of NAMA, we continue our mission to equip women on both professional and personal levels. The Financial Literacy Programme elevates the participants' capabilities by offering them practical tools that help foster the concepts of strategic planning and economic sustainability.' Al Hammadi added: 'At NAMA, we believe that enabling women starts with creating a supportive environment that fosters growth and prosperity, and this is what the Financial Literacy Programme is designed to provide. It includes hands-on workshops, case studies, and mentoring sessions that will pave the way for the participants to long-term financial stability and prosperity.' Four pillars towards financial independence The programme emphasises that financial literacy encourages women to make financial decisions. It is the roadmap to financial independence that starts with wise financial management. During the programme, the participants will learn key methods to set clear, measurable financial goals, distinguish between essential and non-essential needs to make better financial decisions, as well as create a dedicated budget that balances income and expenses. Participants will also learn how to implement smart savings strategies and techniques, evaluate borrowing and credit, compare the pros and cons of borrowing, and use credit cards responsibly. They will gain insights into identifying the best investment opportunities and options in line with risk tolerance and available funds. The programme will also help the participants plan for large purchases, manage debt, and create a protection plan that includes the allocation of emergency saving budget through risk management strategies. Personal and group mentoring As an additional benefit, the programme features an optional mentoring session that provides individual and group support, helping the participants to implement their financial skills in real-life situations. The progress will be closely monitored with the provision of expert feedback and step-by-step guidance to build smart financial habits, enabling the participants to manage their money confidently and achieve long-term financial success. Registration is open via the link:
Zawya
24-04-2025
- Business
- Zawya
NAMA set to launch ‘Financial Literacy Programme' to equip 200 women with tools for lifelong financial independence
Mariam Al Hammadi: NAMA believes that true women empowerment starts with creating a supportive environment that fosters growth and prosperity on both professional and personal levels Sharjah: In support of enhancing women's financial knowledge and boosting their financial management skillsets, NAMA Women Advancement Establishment is set to launch the 'Financial Literacy Programme'. Running from April 28 to May 22 in Kalba, Dibba Al Hisn, Sharjah City and Al Mudam, the initiative aims to equip more than 200 women with the tools and confidence to make informed financial decisions and achieve lasting economic security. NAMA's expert-led initiative aims to provide the participants with the skillsets to reinforce their professional careers, achieve financial independence, build wealth and boost financial security. By providing actionable advice and strategies to enhance career and business confidence, the programme will cover essential topics such as financial goals, budgeting expenditure & spending, borrowing and debt management amongst others. Furthermore, the programme will be helping the participants to achieve their personal objectives. The initiative is aimed at retirees, housewives, employees, and students who are looking to reinforce their skills in budget management, saving and investment, or seeking advice on money management, the programme also targets mothers who wish to foster business acumen and smart financial habits in their children. Empowering women through knowledge and practical skills Commenting on the announcement, HE Mariam Al Hammadi, Director General of NAMA Women Advancement Establishment, said: 'Under the directives of Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Rule of Sharjah and Chairperson of NAMA, we continue our mission to equip women on both professional and personal levels. The Financial Literacy Programme elevates the participants' capabilities by offering them practical tools that help foster the concepts of strategic planning and economic sustainability.' Al Hammadi added: 'At NAMA, we believe that enabling women starts with creating a supportive environment that fosters growth and prosperity, and this is what the Financial Literacy Programme is designed to provide. It includes hands-on workshops, case studies, and mentoring sessions that will pave the way for the participants to long-term financial stability and prosperity.' Four pillars towards financial independence The programme emphasises that financial literacy encourages women to make financial decisions. It is the roadmap to financial independence that starts with wise financial management. During the programme, the participants will learn key methods to set clear, measurable financial goals, distinguish between essential and non-essential needs to make better financial decisions, as well as create a dedicated budget that balances income and expenses. Participants will also learn how to implement smart savings strategies and techniques, evaluate borrowing and credit, compare the pros and cons of borrowing, and use credit cards responsibly. They will gain insights into identifying the best investment opportunities and options in line with risk tolerance and available funds. The programme will also help the participants plan for large purchases, manage debt, and create a protection plan that includes the allocation of emergency saving budget through risk management strategies. Personal and group mentoring As an additional benefit, the programme features an optional mentoring session that provides individual and group support, helping the participants to implement their financial skills in real-life situations. The progress will be closely monitored with the provision of expert feedback and step-by-step guidance to build smart financial habits, enabling the participants to manage their money confidently and achieve long-term financial success. Registration is open via the link: For more information please call: +971565023169, Email: nama@ or follow NAMA's social media platforms.
