Description:

Financial literacy is an essential life skill in today’s world. Regardless of discipline—science, engineering, arts, commerce, or management—every student must possess the ability to manage personal finances effectively. The Essentials of Personal Finance provides learners with practical skills in budgeting, saving, investing, managing debt, tax filing, insurance, and financial planning, empowering them to make informed financial decisions throughout their life.

Essentials of Personal Finance course directly aligns with NEP’s vision by:

• Equipping students from all disciplines with essential life and financial management skills.
• Strengthening financial inclusion and self-reliance (“Atmanirbhar Bharat”).

Bridging the gap between academic education and real-world financial capability.

Key Learning Outcomes

Students completing the course will be able to:

1. Manage earnings, spending, and budgeting effectively.
2. Apply for and manage digital banking accounts securely.
3. Identify and evaluate investment options.
4. Understand debt management, taxation, and insurance.
5. Recognize and protect against financial fraud.
6. Plan for retirement and entrepreneurship.

These outcomes contribute to responsible citizenship and financial independence, fulfilling NEP’s objectives of experiential and value-based education.