Financial literacy pivotal in efficient management of resources: Kashmir LG Sinha

The LG said that financial literacy is pivotal in efficient management of resources by the people, while appreciating Iqbal for coming forward with his suggestions.

He also assured in his talk show that the government is alive to such mass awareness programmes and is on the path of making all the people aware about its benefits.

Earlier Iqbal, who hails from remote area of Choolan from Uri Sub-division had suggested that humans need all types of knowledge, especially the financial know how at grassroots level for better management of its resources to make progress.

He believes that as far as J&K is concerned there is a meagre knowledge of financial management among the masses that is preventing them from taking any steps to maximise their wealth.

In order to progress in a real sense, imparting financial literacy among masses at large scale is a prerequisite, he said.

Giving the roadmap, Iqbal postulates that it can be achieved by conducting awareness camps at panchayat and block level.

Iqbal also suggested conducting such camps in colleges and higher secondary schools to acquaint students about the possible ways of earning livelihoods with their available avenues and resources.

This knowledge will reduce the anxiety among youth as they would get insights to invest their resources and skills in the best possible manner, he added.