Concepts of Personal Finance by Khujan Singh

Personal Finance is an aspect of our lives which everybody needs to know about, wants to know about and often feels lost about how to deal with it. We believe learning to deal with this from school onwards will help in financial inclusion. If individuals and households are financially literate to make informed decisions about how to save, borrow and invest, this may help generate a sense of financial well being. The present book also includes a discussion on helping the financially marginalised also improve their situation, because children need to be sensitised to such issues of access and social justice. The NCERT has been receiving requests from the Ministry of Human Resources and Development and Ministry of Finance, Income Tax Department for inclusion of personal finance and components of taxation in the school curriculum. The Reserve Bank of India has also constituted a Core Committee on Financial Education of which NCERT is a member. Thus, the present book is an outcome of the initiatives by several organisations to impart financial education among young learners, enabling the country to pursue its goal of financial inclusion.