Objective

To understand the effectiveness of the Financial Literacy Training Program (Sakhi 5.0) and assess the financial knowledge, attitudes, and practices of beneficiaries after receiving training. The assessment focused on evaluating behavioral changes in savings, investments, financial planning, digital payments, and awareness of government financial schemes among women and adolescent girls.

Methodology

Data Collection Methods

• Secondary data review (pre and post evaluation reports)
• Focus Group Discussions (FGDs)
• In-depth interviews Stakeholder consultations with trainers (Sakhis), volunteers, and beneficiaries
• Field visits and observational assessment
• Quantitative beneficiary data collection

Assessment Areas

• Financial knowledge and awareness
• Financial attitudes and behavioral change
• Savings and investment practices
• Awareness of financial schemes and services
• Digital financial literacy and transactions
• Livelihood and employability readiness among women

Key Outcomes

• The assessment covered 18,000 women and adolescent girls across Tamil Nadu, Odisha, and West Bengal, focusing on improving financial literacy and strengthening economic participation among women.
• 100% of beneficiaries understood the importance of savings, and nearly all respondents reported maintaining savings accounts after the training. Awareness regarding financial planning, digital transactions, and government financial schemes improved significantly.
• More than 90% of beneficiaries closely monitored their financial affairs, demonstrated responsible spending behavior, and showed improved financial decision-making practices after participating in the training.
• Beneficiaries demonstrated increased awareness of:
  • PM Jan Dhan Yojana
  • PM Jeevan Jyoti Bima Yojana
  • Sukanya Samriddhi Yojana
  • Insurance and pension schemes
  • Digital payment systems and banking services
• The training contributed to behavioral change and women’s empowerment, with many participants reporting increased confidence in financial planning, budgeting, savings, and family-level financial decision-making. Women also reported improved employability skills and reduced financial dependency.
• The assessment identified opportunities to strengthen the program through improved follow-up mechanisms, expanded training duration, outdoor awareness models, written feedback systems, and integration of financial technology concepts (FinTech) into training modules.

Deliverables

• Impact Assessment Report
• Financial Literacy Program Evaluation
• Beneficiary Behavior Change Analysis
• Financial Knowledge, Attitude & Practice (KAP) Assessment
• Women Empowerment & Financial Inclusion Analysis
• Program Effectiveness Review
• Evidence-Based Recommendations Framework