FINANCIAL
INCLUSION
LAB.

DEVELOPING NEW WAYS TO REACH THE UNDERBANKED. AN INITIATIVE FROM FIS.

Go Back Home

FIS sponsors school education for 200 underprivileged children’s primary education in Dharavi- one of Asia’s largest slums.

 

Smile
FIS partners with Smile Foundation

FIS has been involved with financial inclusion and literacy in India from a Corporate Social Responsibility perspective. However, at the grassroots level, a key element that needs to be addressed is the problem of basic education. Hence FIS decided to sponsor primary education of 200 underprivileged children in one of Asia’s largest slum- Dharavi in the heart of Mumbai.

Dharavi
Dharavi bylanes

This initiative is being driven and monitored through the NGO- Smile Foundation at the school- Maulana Abul Kalam Azad Educational Trust’s -Maulana Azad English School.

IMG_3428
Maulana Azad School

Dharavi has an estimated one million people that reside in just one square mile of space that was earlier a mangrove swamp. The slum attracted daily job workers and laborers to work in the local tanneries and textile industries. Most of the children studying at this school are children of these daily wage workers and laborers.

IMG_3462
Ramas lighting the traditional lamp

At the inauguration function, FIS Executive team led by Ramaswamy Venkatachalam (Ramas), MD, India &South Asia and Ninad Chavda, Finance Director did the ribbon cutting. There was also the traditional lighting of the lamp. The lamp signifies bringing in light to get rid of the darkness. Light symbolizes knowledge and darkness signifies ignorance, hence lighting the lamp is supposed to welcome knowledge by removing ignorance.

Along with funding the tuition fees for the school children, FIS team also distributed school bags to the children.

IMG_3482
Ramas lets out a secret- He wanted to be an astrophysicist when he was young

The next step in the initiative is to get FIS employees to talk about financial literacy to the students and their parents. Ramas was also happy to invite a section of students to visit the FIS offices in Powai, Mumbai- so they could get a glimpse of working in the corporate sector. The idea was to motivate these young minds to study hard so that they could do well for themselves when they grow up.

Tomorrow’s generation

 

Share this article

How about these articles next?

  • IMG_3268

    FIS India sets up the “Center of Excellence on Business Correspondence & Financial Literacy” near Mumbai

    Ramaswamy Venkatachalam, MD, FIS India and South Asia inaugurated the “ Center of Excellence on Business Correspondence & Financial Literacy” on the 8th of June 2016.  This center, based 60 kms from Mumbai in Virar, is part of the Corporate Social Responsibility initiative of FIS India and implemented with help of the Delhi based  NGO […]

    FIS 10:13 AM UTC

  • bunch of bananas

    3 Actions for Enabling Frugal Innovation for Financial Inclusion

    I came to know of the term “frugal innovation” when I read about Narendra Modi’s announcement of putting a satellite on Mars for less than the cost of making the movie Gravity.  Since then, the term “frugal innovation” has been vital to effectively describing the constraints that must be taken into consideration when using technology […]

    FIS 13:56 PM UTC

  • Source: Hindustan Times

    A cashless dream for kirana stores

    Last year, under a partnership between the US Agency for International Development (USAID) and the ministry of finance to advance financial inclusion in India, we conducted research on digital payment acceptance among small merchants in rural, urban and semi-urban India. In Kota (Rajasthan), we met Ram Babu, who runs a small roadside tea stall. Ram […]

    FIS 10:58 AM UTC

Interested in helping? Get in touch.

Whether you’re an FIS employee, customer, partner or simply someone interested in helping to drive financial inclusion initiatives across the globe, we’d love to hear from you.

Get Involved