Regional Seminar on ‘Financial Inclusion Through Financial Education’ for students & faculty

Chitkara Business School organised a Regional Seminar on ‘Financial Inclusion Through Financial Education’ for students & faculty, sponsored by SEBI/NSE/AMFI, on March 13, 2019.

Experts – Mr. Jubin Mehta, Representative, SEBI; and Mr. Nishant Srivastava, NSE; along with Mr. Sumeet Hooja, Sr. Official, Reliance Mutual Fund; delivered talks. Mr. Mehta spoke on ‘Regulators & their Role’, Mr. Nishant Srivastava spoke on ‘Types of Investments, and the Role of Stock Exchange in Financial Ecosystem’ and Mr. Sumeet Hooja delivered a session on ‘Mutual Funds as Investment Instrument’ and ‘Dos and Don’ts for Investors’.

Nearly 250 MBA, 1st year students, attended the seminar along with 25 Faculty members. Dr. Sandhir Sharma, Dean, Chitkara Business School; welcomed all the speakers and spoke on the ‘Relevance & Importance of Financial Inclusion’ and Dr. K. K. Sharma, Dean, UG Programs; also joined in to felicitate all the speakers during the seminar.

Given the fact that India has a large population, is a fast growing economy with national focus on inclusive growth and has an urgent need to develop a vibrant and stable financial system, it is all the more necessary to quickly formulate and implement a national strategy for the country. The concept of improving financial literacy as a national project has been gradually evolving. Most countries have adopted a unified and coordinated national strategy for financial education. Thus, Financial literacy, and education, plays a crucial role in financial inclusion, inclusive growth and sustainable prosperity.

In India, majority of population is financially excluded and coexists with various other financially included sections of population, which invest in capital markets and use other advanced financial products. It, therefore, needs a tiered approach for a national strategy to include spreading awareness about basic financial products and link the excluded to the formal financial sector, educating the existing users of financial products and services to enable them to make informed choices and ensuring consumer protection for all the users of financial products and services. Based on this trilogy of needs, Chitkara Business School prepared the agenda of the Regional Seminar on ‘Financial Inclusion Through Financial Education’ for students & faculty.