Finance is the management of money. Financial literacy is the ability to manage one’s money. Financial literacy is more important than ever in today’s world. Being aware of money management, income, saving, and spending can equip our young people with knowledge to fight fraud and take charge of their finances. Financial literacy for students is an important tool to improve the financial capability of our youth and communities. Students should be taught how to handle money—both at home and in educational institutions. This will help reduce the economic impact of the long-term recession that now grips many communities across the country. We are living in an age of unprecedented debt and students are destined to face challenging times financially. It is imperative that educators begin to equip students with the knowledge and skills to succeed as consumers in today’s global economy. The Post Graduate Department of Commerce identified the need and came up with the introduction of a new cell in the institution – Financial Literacy Cell – Educating and Empowering young minds towards sound financial decisions.
Objectives of the cell:
- Create an awareness about financial concepts
- Help the youth to manage their money in the most resourceful manner
- Extend the knowledge sharing sessions with the society
- Interactions with industry and market experts