GE Capital India has expanded its not-for-profit financial education outreach under GE Capital's global citizenship initiative, Banking on WomenTM. Having started in 2008 in India, the local program aims to empower underprivileged women by improving their understanding of basic finance concepts such as budgeting, accounting, saving and investment. The program in India is administered with the help of not-for-profit organizations, HOPE Foundation and Literacy India.
"During 2008 and 2009, GE Capital's financial literacy program helped 1,000 underprivileged women and youngsters learn about the credit and insurance system. It helped them understand these important subjects allowing them to take better control of their lives," said Mr. Mark Templer, CEO, HOPE Foundation.
Mr. Anish Shah, President & CEO, GE Capital India, said, "We are growing our Banking on Women initiative in India. It is aimed at empowering women with the knowledge they need to assess livelihood opportunities for themselves and their families."
The financial literacy curriculum includes monthly budgeting, opening a bank account and provides an introduction to insurance, credit and other financial instruments. GE Capital India's program is aimed at enabling women to more effectively manage money, promoting financial discipline and planning.
GE Capital's Banking on WomenTM global corporate citizenship program seeks to empower the world's women by providing them with the knowledge and resources necessary to create opportunities for themselves and provide a better future for their families. In Asia, Banking on WomenTM programs have to date reached over 8,000 women since the first program was launched in 2006, with financial education and entrepreneurship training programs in India, China, Thailand, Indonesia, Singapore and formerly in the Philippines.
About GE Capital India
GE Capital has been operating in India since 1993. With a AAA (CRISIL) credit rating, GE Capital combines local understanding with the global reach of GE to provide end-to-end financial solutions to meet the diverse needs of Indian corporate and retail customers. GE Capital's businesses in India are organized under various business units including those focused on corporate finance, asset-based lending, leasing, commercial distribution financing, energy and infrastructure projects financing, merger & acquisition financing, mortgages, loans and credit cards (through a eleven-year-old strategic joint venture with State Bank of India). For more details visit www.gecapital.com/in
Contact
Gayatri Rath, GE Capital India, +91 124 4808919 / +91 98 736 91843, [email protected]
Gayatri Rath
GE Capital India
[email protected]
+91-124-4808000