{"id":32908,"date":"2015-06-05T19:48:15","date_gmt":"2015-06-05T19:48:15","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=32908"},"modified":"2024-04-03T13:17:44","modified_gmt":"2024-04-03T07:47:44","slug":"financial-literacy","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/financial-literacy\/","title":{"rendered":"Financial Literacy &#8211; Written by Vinny Satija"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/FINANCIAL-LITERACY.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-32949\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/FINANCIAL-LITERACY-300x139.jpg\" alt=\"FINANCIAL LITERACY\" width=\"300\" height=\"139\" srcset=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/FINANCIAL-LITERACY-300x139.jpg 300w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/FINANCIAL-LITERACY-272x125.jpg 272w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/FINANCIAL-LITERACY.jpg 330w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Financial literacy is the ability to understand how the money market works, how people earn or make money, how he invests money, how he manages money and how he donate it to others. Basically it involves all activities related to management of money .It involves skills and intelligence of a person to make more informed and effective decisions.<\/p>\n<p>Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u2019s\u00a0maiden\u00a0speech\u00a0in\u00a0the\u00a0Lok\u00a0Sabha\u00a0vowed\u00a0to\u00a0empower\u00a0the\u00a0poor,\u00a0and\u00a0enable\u00a0them\u00a0to \u00a0fight\u00a0poverty\u00a0in\u00a0order\u00a0to\u00a0come\u00a0out\u00a0of\u00a0it.\u00a0In\u00a0the\u00a0Indian\u00a0scenario,\u00a0this\u00a0imperative\u00a0agenda\u00a0can\u00a0be\u00a0met\u00a0only\u00a0by\u00a0following \u00a0the\u00a0path\u00a0of\u00a0financial\u00a0literacy\u00a0\u2014\u00a0the\u00a0foremost\u00a0step\u00a0towards\u00a0financial\u00a0inclusion.<\/p>\n<p>The\u00a0role\u00a0played\u00a0by\u00a0governments\u00a0and\u00a0employers\u00a0in\u00a0managing\u00a0investments\u00a0on\u00a0behalf\u00a0of\u00a0individuals\u00a0has\u00a0shrunk \u00a0significantly\u00a0in\u00a0the\u00a0recent\u00a0past\u00a0as\u00a0a\u00a0result\u00a0of\u00a0changes\u00a0in\u00a0the\u00a0social\u00a0support\u00a0structures\u00a0across\u00a0the\u00a0world.\u00a0This\u00a0has \u00a0increased\u00a0individuals\u2019\u00a0responsibility\u00a0in\u00a0managing\u00a0their\u00a0own\u00a0finances\u00a0and\u00a0securing\u00a0their\u00a0financial\u00a0future.\u00a0In\u00a0an \u00a0environment\u00a0where\u00a0the\u00a0range\u00a0and\u00a0the\u00a0complexity\u00a0of\u00a0financial\u00a0products\u00a0continue\u00a0to\u00a0increase,\u00a0it\u00a0is\u00a0imperative\u00a0that \u00a0individuals\u00a0develop\u00a0nuanced\u00a0understanding\u00a0of\u00a0the\u00a0world\u00a0of\u00a0finance\u00a0to\u00a0be\u00a0able\u00a0to\u00a0make\u00a0choices\u00a0that\u00a0are\u00a0most \u00a0appropriate\u00a0to\u00a0their\u00a0financial\u00a0goals\u00a0and\u00a0needs.<\/p>\n<p>Though\u00a0India\u00a0is\u00a0developing\u00a0but\u00a0its\u00a0youth\u00a0is\u00a0lacking\u00a0behind\u00a0in\u00a0terms\u00a0of\u00a0financial\u00a0literacy.\u00a0They\u00a0have\u00a0financial \u00a0knowledge\u00a0but\u00a0are\u00a0unaware\u00a0of\u00a0its\u00a0application.\u00a0The\u00a0need\u00a0of\u00a0the\u00a0hour\u00a0is\u00a0to\u00a0provide\u00a0training\u00a0to\u00a0the\u00a0youth\u00a0and\u00a0change \u00a0there\u00a0attitude\u00a0and\u00a0behavior\u00a0towards\u00a0this\u00a0subject.\u00a0The\u00a0main\u00a0focus\u00a0of\u00a0training\u00a0must\u00a0to\u00a0impart\u00a0proper\u00a0financial\u00a0skills \u00a0among\u00a0them.\u00a0The\u00a0training\u00a0programme\u00a0must\u00a0also\u00a0include\u00a0weaker\u00a0section\u00a0of\u00a0the\u00a0society,\u00a0like\u00a0women\u00a0and\u00a0people\u00a0from \u00a0lower\u00a0income\u00a0group\u00a0and\u00a0caste.\u00a0Financial\u00a0literacy\u00a0will\u00a0for\u00a0sure\u00a0help\u00a0in\u00a0the\u00a0economic\u00a0development\u00a0and\u00a0uplifting\u00a0the \u00a0Indian\u00a0society.Therefore government should focus on this topic and introduce schemes to create awareness about this topic.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial literacy is the ability to understand how the money market works, how people earn or make money, how he invests money, how he manages money and how he donate it to others. Basically it involves all activities related to management of money .It involves skills and intelligence of a person to make more informed&#8230;<\/p>\n","protected":false},"author":1272,"featured_media":32949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2265,4218,2559,2663,3696],"class_list":["post-32908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-awareness","tag-financial-literacy","tag-govt","tag-money-market","tag-schemes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Literacy - Written by Vinny Satija - Vskills Blog<\/title>\n<meta name=\"description\" content=\"FINANCIAL LITERACY; how it works with the money market. 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