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“Financial literacy is a prerequisite for effective
financial inclusion, which will ensure that
financial services reach the unreached and
under-reached sections of the society.
Financial markets now offer complex choices
to consumers, but literacy is essential for
consumers to make informed choices”

Mr. Pranab Mukherjee, President of India.
THE HINDU, CHENNAI, DECEMBER 28, 2012 | UPDATED 18:49 IST

“From thinking about the next agriculture
season, farmers starts thinking about the next
five years and then about their children‟s
future and their own old age. But these are
healthy concerns on which we must capitalize.
This realization sensitized us and we will be
failing in our mandate if we do not address the
challenge and the opportunity of financial
literacy head on”.

Dr. D. Subbarao, Ex Governor, R.B.I.

Not only this, the President of India also asked

for improving standards of higher
education in India.


The views expressed by these two renowned
personalities clearly points out the sad part of
fact that even after 65 years of independence
this great country failed to achieve satisfactory
level of financial literacy.

Average Indian citizens are far away
from satisfactory level of financial literacy.

As a responsible citizen of this country, you
will agree that:

Indian Economy has potential
become financial superpower in the world,

to

Government of India and various State
Governments are spending crores of rupees
on various schemes which are beneficial in
the larger interest of the society,

In spite of this, the benefits of growth of the
economy have not reached larger section of
the society.

Lots of debate is going on in the country about
effective „financial inclusion‟, but the financial
inclusion fails because of poor financial
literacy level in the country.

Not only this, but now a day, there are lots of
complaint about misselling of financial
products by the financial companies to the
average consumer.

All these things indicate that if we really want
to counter these problems, we need to
improve the financial literacy level across
the country.

The President of India also
highlighted the same by
asking for improving the
standards
of
higher
education in the country for
the purpose.

The Ex Governor of The Reserve Bank of India
also highlighted that we will be failing in our
mandate if we do not address the challenge
and the opportunity of financial literacy head
on.
We at Nectar Global Edutech sincerely
Believe that we need to contribute to resolve
this serious national issue.
After lots of research, feed backs at Schools
and Junior Colleges and inputs from the
experts from the field of education, we have
designed this program and named it as:

Financial Literacy Awareness Program

We also feel proud to dedicate this program to
.
The Common
Man of this great
country

Objective of Program
The objective of this program is to make
„India‟ a „Financially Literate‟ country.

Welcome to
Nectar Global Edutech Pvt. Ltd.

‘BASIC’ module

This module consist following 8 sessions:

1 Introduction

2 Setting up Financial Goals
3 Budgeting : Income v/s Expenditure
4 Budgeting : Prioritizing the needs
5 Understanding Interesting concepts
6 Basics of Investment
7 Basics of Banking – Part I
8 Online Examination

You might feel embarrassed,
shocked and totally demoralized.

deeply

You might lose interest in work and as a
result, you might commit further mistakes.
You might start thinking that even after
completing education „Why I do not
understand the basic things of finance‟?

Do not worry. Do not curse yourself.
It is not your fault.

It is problem of our present educational
system.
In our present educational system, except for
the Commerce faculty, the basic operational
level knowledge of finance which is required
in day to day life by every individual is not at
all taught.

The fact is, India produces very good
Doctors, Engineers, Architects, Advocates, et
c. who are „Best‟ in their respective field.
However,
after
completing
their
education, when they enter in to practical
world, they hesitate going in to the office of
bank,
insurance
company,
stock
market, mutual fund, post office, intermediary
firm, taxation authority, etc.
The simple reason behind this is lack of
confidence to deal with financial products.

We at Nectar Global Edutech wish to bridge
this gap of our education system through this
educational program named as …..

Financial Literacy
Awareness
Program

You are into the first chapter of Basic literacy
level. Hence, let us prepare some positive
background and positive mindset before the
actual study.

Honestly answer the following questions and
note down the answers in your note book.

Are you willing to take financial
responsibilities?

Are you ready to take financial
responsibilities?
Are you able to take financial responsibilities?

If the answer to all these questions is „Yes‟
then you are already in positive mindset and it
is very good sign.

However, if the answer to any of these
questions is ‘No’,
then please relax and think,
Why you have answered a particular question
as „No‟ ?
The reason could be hesitation which is
outcome of lack of confidence. This lack of
confidence is outcome of lack of knowledge
of the subject.

Do not worry.
As the program will proceed further your
knowledge level will definitely improve and
you will feel more confident.

The next question is:
Are you ready to accept the responsibility for
changing your financial situation?

We are sure most of you will answer it as
„Yes‟ because everyone in today‟s world need

more and more money to spent.

Do you believe that you can and will change
the way you make financial decisions?
If the answer to this is ‘Yes’ then it is very
good.
It indicates that you have necessary
confidence and flexibility to reassess your
own decisions.

However, if the answer to this question is ‘No’
then you need to change your mind set.

Always keep in your mind that financial
decisions are subject to multiple variables.

These variable keeps on changing in dynamic
financial world hence you cannot adopt rigid
approach.
As the situation changes, the financial
decisions
also
needs
to
be
revisited,
reconsidered
and
if
required, changed.


Can you identify at least one benefit you hope
to gain by changing your present money
management behaviour?
If the answer to this is ‘Yes’ then it is very
good.

It indicates that you have necessary flexibility
and understanding that there is always scope
for improvement.

Always keep in your mind that no one in this
world can claim that financial decisions taken
by him / her are always correct and the best.

Financial markets are dynamic and keeps on
changing at fast pace. Therefore, the financial
decisions
always
needs
to
be
revisited,
reconsidered
and
if
required, changed at frequent intervals.

There is always scope for improvement.
Finance on income side always keeps on
hunting for higher returns whereas finance on
expenses side always keeps on hunting for
lower costs.

I will communicate with my family about
money matters so that we all will be working
towards same goal.
I will be aware of the effects of advertising
on the financial decisions I make.

On this positive note, let us start marching on
path of financial wellness.

Start slowly marching on following important
steps, understand the meaning and purpose
of it.
I will make informed financial decisions.
I will communicate with my family about
money matters so that we all will be working
towards same goal.
I will be aware of the effects of advertising
on the financial decisions I make.

As far as possible, I will not get my financial
decisions influenced by the advertisements.

I will take care of my finances today by
tracking expenses and creating budget that
will be flexible and realistic.
I will take care of my future financial needs
by saving money today.
I will honour all the credit obligations which I
will be committing, on time and on agreed
terms.

I will continue my personal education about
financial health, budgeting, investment, credit,
and personal debts.
I will plan for my all expenses periodically.

By setting good example, I will share
importance of financial literacy with my next
generation.
If I am over obligated, I will not hesitate in
taking necessary steps to seek assistance.

Take a break.
Recollect what you have learned.

If you have not understood any slide,
revisit the same before you end the session.

�ݺ�ߣ

Basic - Introduction

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Basic - Introduction