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From Stove to Stocks

Financial literacy has changed the lives of thousands of women as they turn smart investors and entrepreneurs.
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Down to Brass Tacks
Started 18 years ago in Kolkata by industrialist-investor B. K. Dhanuka, Millennium Mams is registered as a not-for-profit organization and had just 15 women in its first batch. Last year, it received 200 applications for 40 seats in the city. Until now, being married was one of the conditions for admission, but the rule is waived off sometimes.

The two-year course covers aspects of the Indian economy, various industry sectors with a detailed analysis of each, understanding the Union Budget and its repercussions, market trends, and the impact of the global economy on the Indian markets. The curriculum also requires the women to do projects, study various companies’ balance sheets and financial results, and attend annual general meetings of a few industrial groups as well as visit manufacturing plants and units of companies. Once the two-year course is over, women may opt to continue being a part of the weekly classes that are usually held on Saturdays.

The Mams Forte arm invites distinguished names in the Indian industry to interact with members. Millennium Youth in Kolkata is a five-week program for young boys and girls. With no fees charged for the classes, a member has to share the cost of venue and refreshments—about Rs.5,500 a year.

©Entrepreneur March 2011

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