Sources and Management of Personal Finance - A Study on the Role Played by the Hmar Women of Haflong (Dima-Hasao District) and its Emerging Opportunities

Juliet N. Tuolor

Abstract: Finance is the provision of money and is needed by everyone to carry on activities and to achieve its targets. It is so indispensable today that it is rightly said to be the lifeblood of an enterprise and also for any individuals. This paper is an attempt to study the sources of personal finance and its management with special reference to the part played by the Hmar women of Haflong. Personal finance deals with the analysis of principles and practices involved in managing one’s own daily need of funds. Mention may be made that the Hmars are a group of hill tribes living in Assam and different parts of North East India and Haflong is the only hill station of Assam situated in the district of Dima Hasao (formerly known as the North Cachar Hills district). This paper will not only emphasize on the role played by the Hmar women to generate income for its family and their active participation in household management, but will also try to pinpoint the opportunities and suggest ideas so that the Hmar women can generate more income and manage their personal finances.

Keywords: Hmar, Personal finance, Sources, Management, Income