Prabhu Bank commemorated ‘Global Money Week’ with a financial literacy program

KATHMANDU: The ‘World Financial Week Campaign’, which is celebrated annually with the aim of raising awareness about the importance of financial education among teenagers and young people, has been completed.

Since the March 20, every year, the World Finance Week has been completed in collaboration with the Organization for Economic Cooperation and Development (OECD) and Nepal Rastra Bank.

Prabhu Bank in Gandaki State has conducted various programs from all of its branch offices under the slogan ‘Plan your money, plant your future’ to make the campaign worthwhile.

The bank has conducted financial literacy programs for citizens of more than 100 districts, including Mustang, Myagdi, Gorkha, and Manang, on financial goal setting, savings, loans, budgets, insurance, and remittances.

Prabhu Bank Gandaki State Head Raju Rana informed that last year also, the bank has completed financial literacy program in 78 places including Gurjakhani and Ghara village of Mustang, which is famous for the folk saying that ‘There is no place for top, there is no village for Gurja’ in Myagdi district for the development of financial knowledge among the people.

Furthermore, it is believed that skills such as increasing knowledge/skills of using money prudently, learning to determine short-term and long-term financial goals, and learning to determine short-term and long-term financial goals will greatly aid in obtaining the necessary information, according to Shanti Sherchan, Chief Business Center Officer of the Bank’s Regional Office.

According to her, the program’s goal is to develop the ability to select and use appropriate financial services, as well as to provide knowledge and skills for preparing for or planning for future risks.

According to him, such literacy will benefit the economy greatly by allowing citizens to properly manage their assets, plan their expenses, and gain access to other financial services.