Thirty participants have been selected to attend a training course on financial literacy in Kundiawa, Chimbu Province, next week.
The course, to be conducted by Guruma Technical Vocational Education Training (TVET) center, aims to facilitate the growth and development of the informal economy.
The Department of Community Development and Religion (DCDR) is funding the week long course.
The training is made possible through a memorandum of understanding between the department and Center for Excellence in Financial Inclusion (CEFI).
Guruma TVET center chairman, John Kuri, said the proposed training will be facilitated by CEFI with oversight by the department.
This activity comes under the National Informal Economy Policy. The aim of the policy is to facilitate the growth and development of the informal economy.
Mr Kuri
He said the policy encapsulates financial literacy training as a means to making financial institutions and services accessible to the informal sector.
This is inline with the first policy arm of financial inclusion. The key tenet of the policy is its recognition that people involved in the informal economy hardly make the transition to become successful small and medium enterprise entrepreneurs.
Kuri