Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Vedanta Jharsuguda rolls out financial literacy training for its 'Subhalaxmi Co-operative' members

Posted On: 2020-09-29 04:32:29


Vedanta Jharsuguda, the largest aluminium producer in the country, has begun a series of training sessions on financial literacy for women members of its flagship sustainable livelihood project, Subhalaxmi Co-operative. With a membership base of 4000, Subhalaxmi is one of the largest rural co-operatives in the state, engaged in promoting sustainable livelihood opportunities among women, creating avenues for entrepreneurship through skill development and providing financial assistance to the members for furthering their enterprises.

Each year, Vedanta and Subhalaxmi Co-op collaborate to conduct a slew of training sessions and capability building exercises for the members. Given the importance of financial literacy in enabling and sustaining inclusion of rural women in the forefront of economic activities, the company has roped in personnel from Mission Shakti to train these women in savings, micro-finance services, insurance, fund management, financial decision making, etc. Besides financial knowhow, significant focus is also given on developing the right attitude towards financial independence in these women. Given the pandemic scenario, these trainings were held both virtually and physically, in small groups, where internet connectivity was unavailable/erratic. The September sessions witnessed participation of nearly 90 women associated with 26 Self-Help Groups (SHG) across remote villages in Jharsuguda.

Speaking about the company's endeavours towards rural women's financial inclusion in economic activity, Mr. CN Singh, CEO - Vedanta Ltd., Jharsuguda said, "Vedanta's commitment to the development of women and children in India is realized through the significant developmental initiatives that we have undertaken at grassroots level. Financial inclusion of women, especially those hailing from rural margins, is of utmost importance to the true progress of our country. In partnership with Subhalaxmi Co-operative, Vedanta is proudly championing this movement in the many villages of Jharsuguda."

Going forward, besides financial literacy sessions, multiple other trainings on vegetable cultivation, tailoring, enterprise promotion, etc. have been planned for this fiscal which will cover nearly a thousand women. Through these skill development initiatives, the company aims to increase household income of co-op members by 30-50%.

Mr. Jibardhan Kheti, from Mission Shakti (Bargarh), the Govt. of Odisha's flagship women empowerment initiative, who conducted the financial literacy sessions said, "We are proud to partner with Vedanta, in increasing awareness levels of rural women in the importance of savings, loan, insurance and other tools of sound financial management. We hope they would be able to utilise their loans properly in their micro-enterprises and trigger the next phase of socio-economic transformation of the region. On the personal front, we hope that the knowledge of savings and expenses will help their family in properly managing household finances."

Mrs. Monabati Bag, former Vice President of Subhalaxmi Co-op, who also attended the session, said, "I am grateful to Subhalaxmi and Vedanta for conducting this training virtually during this COVID situation. We learnt about the ways to properly utilise our funds both in SHG and family. We are getting various financial services through Subhalaxmi. This training will help us to utilise the loan amount effectively and manage our micro enterprises better. It will also help us regularise the monthly saving and loan repayment behaviour."

Though dedicated efforts and positive word-of-mouth, today Subhalaxmi Co-op has amassed the support of 331 SHGs across 72 villages. Members of the co-op own and run several micro-enterprises like fast food centres, packaged snacks, poultry farms, grocery stores, beauty parlours, tailoring centres, vegetable cultivation, etc. Today, the co-op supports 1726 women entrepreneurs in their farm and non-farm ventures. It also supports 19 entrepreneurs under a special provision called 'Udyami Fund' which helps dedicated entrepreneurs avail higher loan amounts for procuring machinery, raw material support, market linkage and access to specialized trainings.

Vedanta's social interventions in the domains of sustainable livelihood, women empowerment, quality education, health, water and sanitation, bio-investment and community infrastructure reach out to a total of 72 villages in Jharsuguda and nearby areas, benefiting nearly 80,000 people in a year. It empowers more than 4000 women from over 330 SHGs, provides doorstep healthcare services to about 32,000 people annually, gives educational support to more than 6400 students, has planted more than 1.48 lakh trees in partnership with the community, and built 570 plus infrastructural projects at community level.

Vedanta is India's largest producer of the green metal, aluminium, operating a world-class 1.6 MTPA aluminium smelter and 3615 MW thermal power generation facility in Jharsuguda, Odisha. The only Indian smelter in the global '1 Million Tonne' production and export club, Vedanta Jharsuguda is a leader in value-added aluminium products that find critical applications across core industries. With one of the largest technically qualified and diverse workforces in the country, the company is working towards a sustainable and greener future for all by spurring emerging applications of aluminium, the 'Metal of the Future'.

Shares of Vedanta Limited was last trading in BSE at Rs.139 as compared to the previous close of Rs. 139.05. The total number of shares traded during the day was 631983 in over 5538 trades.

The stock hit an intraday high of Rs. 141.45 and intraday low of 138. The net turnover during the day was Rs. 88476537.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Alembic Pharmaceuticals announces USFDA Final Approval for Fenofibrate Capsules USP, 67 mg, 134 mg and 200 mg

TCS BaNCS Cloud Helps Myanmar-Based Insurer Accelerate Innovation and Enhance Customer Experience

UGRO Capital Limited allots 200 NCDs amounting to Rs. 20 crore

L&T Construction bags large contracts under its various business divisions

Lendlease GOES LIVE on Ramco Global Payroll

Steel Strips Wheels Ltd receives export orders of nearly 16,000 wheels

White Organic Agro Ltd to launch Immunity Booster 'ARHAM'

Lasa Supergenerics Ltd gets interim relief on Albendazole case

CRISIL Ltd Board declares Third Interim Dividend of Rs. 7

IndoStar Capital Finance appoints Deep Jaggi as Chief Business Officer

Brightcom becomes IAB Europe TCF Registered

Qualcomm and Jio Align Efforts on 5G

CRISIL Limited announces financial results for the third quarter ended September 30, 2020

Mastek arm receives $32.30 million on sale of stock in Majesco USA

Larsen & Toubro Infotech Ltd Board approves interim dividend of Rs. 15 for FY21

Larsen & Toubro Infotech Ltd Q2FY21 consolidated PAT climbs to Rs. 455.6 crore

Motherson Sumi Systems Ltd. signs strategic agreement to acquire Bombardier's Electrical Wiring Interconnection Systems business in Huehuetoca, Mexico

IRB InvIT Fund update on Surat Dahisar Project

JSW Ispat Special Products Ltd posts profit in Q2FY21 on exceptional items

Mahindra CIE Automotive Ltd Q3CY2020 consolidated net profit at Rs. 60.76 crore

The Bombay Dyeing and Manufacturing Company Ltd Q2 consolidated loss at Rs. 90.68 crore

Oriental Aromatics Ltd posts consolidated PAT of Rs. 33.24 crore in Q2

Indian Energy Exchange Ltd Q2FY21 consolidated PAT at Rs. 44.33 crore

Simplex Realty Ltd Q2FY21 loss at Rs. 0.51 crore

Muthoot Finance revamps its Corporate Website

Mphasis and R3 Partner to Develop a Blockchain-Based Payments and Financing Network for Global Supply Chains

Bank of Baroda, Toyota Kirloskar Motor Sign MoU for Customer, Dealer Finance

Sterlite Power secures INR 2070 crores funding from PFC for VNLTL project

Shiva Cement Ltd approves expansion project of Rs. 1530 crores

Moneyboxx Finance Ltd targets 2.5 fold jump in loan disbursement this fiscal

Punjab Alkalies and Chemicals Ltd reports Q2FY21 PAT of Rs. 3.41 crore

Hindustan Zinc Limited board approves interim dividend of Rs. 21.30

CARE Limited reaffirms ratings of Arman Financial Services Limited

Kopran Ltd board to announce Q2, H1 FY2021 results, interim dividend on Oct 28, 2020

Hindustan Zinc Ltd posts PAT of Rs. 1940 crores in Q2FY21

Cipla launches Nintib (Nintedanib capsules 100 mg, 150 mg) to treat Idiopathic Pulmonary Fibrosis

Maharashtra Scooters Ltd Q2FY21 PAT slumps to Rs. 1.91 crore

Hindustan Unilever Ltd Board approves interim dividend of Rs. 14

Granules India Ltd board approves 2nd interim dividend of Rs. 0.25 for FY2020-21

CCL Products India Ltd board declares interim dividend of Rs. 2 for FY2020-21

Seamec Ltd announces drydocking of Vessel - SEAMEC II

Indo Count launches value driven Home Textiles Brand Layers

Deepak Fertilisers and Petrochemicals Corporation Ltd allots rights shares

DCM Shriram Ltd Q2FY21 consolidated PAT up at Rs. 118.37 crore

Gujarat Ambuja Exports Ltd Q2FY21 consolidated net profit jumps to Rs. 72.80 crore

CCL Products India Ltd posts consolidated PAT of Rs. 47.46 crore in Q2

Hindustan Unilever Ltd Q2FY21 consolidated net profit rises to Rs. 1974 crore

Ramkrishna Forgings Ltd Q2FY21 consolidated PAT at Rs. 1.45 crore

Kajaria Ceramics Ltd Q2FY21 consolidated net profit at Rs. 89.12 crore

Ashika Credit Capital Ltd Q2FY21 net profit at Rs. 1.04 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019