National Financial Literacy Programme for Youth (NFLP-Y)

Synopsis:

Mera Maan Pvt. Ltd. played a pivotal role in the National Financial Literacy Programme for Youth (NFLP-Y) program directed by the National Institute of Banking and Finance (NIBAF). A comprehensive 5-day training was designed that aimed to equip NFLP-Y Trainers with the necessary knowledge, skills, and techniques to effectively engage and train youth between the ages of 18-29 in financial literacy. The NFLP-Y program, targeting three age groups, 9-12, 13-17, and 18-29, reached one million children and youth through face-to-face training in 45 districts across Pakistan, and an additional 0.6 million were trained through the innovative “POMPAK” financial literacy app. The program also included initiatives by the State Bank of Pakistan to empower girls in Balochistan and create Pakistan’s first virtual deaf-video tutorial for youth.

Narrative of the Project Description:

Background:

The National Financial Literacy Programme for Youth (NFLP-Y), an initiative by NIBAF, aimed to strategically target and educate the youth, promoting financial awareness and healthy money habits for long-term economic growth. Recognizing the significance of fostering financial attitudes and habits between ages 6 and 12, the NFLP-Y program focused on imparting essential financial education at an early age. The objective was to empower 20% of the more literate population, which is projected to generate 80% of the country’s future economic growth.

Objectives:

– Sensitize NFLP-Y Trainers to the NFLP-Y curriculum, including the handbook and field trainer manual, to effectively train and guide participants.
– Familiarize Trainers with the processes involved in delivering the training using the trainer manual.
– Provide training skills and techniques to engage with participants effectively during the training sessions.

Project Impact:

Mera Maan Pvt. Ltd.’s contribution to the NFLP-Y Trainer Training went beyond training the trainers. By effectively equipping the NFLP-Y Trainers, Mera Maan ensured that they could conduct impactful financial literacy training for youth aged 18-29, empowering them with essential financial knowledge and skills. As a result of this training, NFLP-Y Trainers became proficient in delivering financial literacy content in a highly visualized and participatory manner, making the learning experience engaging and effective. The NFLP-Y program’s outreach was extensive, reaching one million children and youth through face-to-face training in 45 districts across Pakistan, ensuring that the importance of financial literacy was widely disseminated. Additionally, an innovative “POMPAK” financial literacy app was used to train 0.6 million youth, making financial education accessible through digital means. The program also included initiatives to empower girls in Balochistan and create Pakistan’s first virtual deaf-video tutorial for youth, showcasing the commitment to women’s empowerment and inclusion. The impact of NFLP-Y resonates through the empowered youth, who are now better equipped to make informed financial decisions, contributing to their individual well-being and the overall economic growth of Pakistan.