In this PDF, We will talk about What is the proper meaning of Financial Literacy in India and Why it is important. And Also Financial literacy and financial education.

1. Financial Literacy In India
By ShinxIndia
For More Info Visit : Shinxindia.in

3. What is Financial Literacy?
 Financial literacy is the ability to use skills and knowledge to take
effective and informed money management decisions. In India, 76
percent of its adult population does not understand even basic
financial concepts.
 Basically It is a Skill which allow an individual to build there personal
wealth with the help of effective decision making based on the
present income.

5. Financial Literacy in India
 According to the Surveys, In 2018 we have founf that over 76 percant of
adults in India doesnt Know the financial planning basics.
 No wise person would allow his child to drive before she learns
driving. Still, Indian parents let their children enter the complex
financial world without basic money skills.

6. Financial Literacy in India Contd...
 Financial exclusion of children is deep-rooted in our society.
 Our parents used to keep us away from these discussions because as
children we were supposed to focus on our studies.
 It is a myth that financial literacy is more important for adults. We
can achieve the desired results from financial literacy only when we
start educating our children from the beginning.

8. Financial Literacy Importance
 Importance of Financial Literacy : It is so important because it enables us
with the knowledge and skills we need to manage financials or money
effectively.
 “An uninformed person armed with plastic money and eligible for a loan
can be nearly as dangerous to himself and society as an untrained
person driving a car.”

9. At Last...
 If we think about our initial working life we have committed a lot of
money mistakes in those critical years, if we would have got adequate
financial literacy our financial situation could have been much better.
Now should we allow our children to repeat our mistakes?
 Parents and educators must recognize the importance of imparting
financial
literacy among children at an early age. In this online transaction
Era we can not afford to miss imparting financial literacy to our
children.

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