In a country where money talk is often reserved only for men—financial expert Alka Doria is changing the script. In this episode of Pravasi Samwad, she opens up about why financial literacy matters for everyone. From her investment workshops empowering women, girls, senior citizens, and even NRIs, Alka urges families to see money management not as a gendered role, but as a life skill for all.
Q: Alka, your sessions are known for being very practical. What makes your approach to financial literacy different?
A: I believe finance should not feel intimidating. My focus is on making concepts simple, practical, and actionable. For instance, I explain how a SIP can secure a child’s future or how tax-saving instruments can really impact long-term wealth. My aim is to ensure participants walk away confident enough to make their own financial decisions.
Q: Who usually attends your workshops?
A: My audience is very diverse—students, homemakers, working women, and even retired professionals. Each group has different needs, so I tailor my advice accordingly. The ultimate goal is not just saving, but learning how to grow wealth responsibly.
Q: You often emphasize government-backed schemes for girls. Why are these important to you?
A: Because they lay a strong foundation. The Sukanya Samriddhi Yojana (SSY), for example, offers high interest rates and tax benefits for the girl child. The Beti Bachao, Beti Padhao movement ties education to empowerment. And scholarships or fellowships ease the financial burden of higher studies. But I always add—families must do their part too. Every rupee invested in a girl’s education multiplies her potential.
Q: You’ve been vocal about challenging traditional beliefs around girls’ education. Can you elaborate?
A: Yes, often we tell daughters to focus only on board exams or learn household skills. But why not teach them how compounding works or how to create a budget? I strongly believe financial education should start at school level so that confidence in handling money becomes second nature.
Q: Apart from women and girls, you also focus on senior citizens and NRIs. What kind of guidance do you give them?
A: For senior citizens, I highlight schemes like the Senior Citizens’ Savings Scheme (SCSS), PMVVY, and the Post Office Monthly Income Scheme (POMIS). These ensure steady income and dignity after retirement.
For NRIs, I advise on NRE/NRO accounts, FCNR deposits, mutual funds, and real estate investments. They need to plan with dual perspectives returns in India and their financial commitments abroad.
Q: If you had to summarize your mission in one line, what would it be?
A: For me, financial literacy is empowerment. When women, seniors, and NRIs feel confident about their money, it’s not just about numbers, it’s about dignity, independence, and freedom.
