National Education Policy and Financial Literacy: A Study in the Light of Financial Inclusion

Ranju Kumar Bharali, Dr Ajit Debnath

Abstract: The National Education Policy 2020 was adopted with the aim to have an education system by 2040 that is second to none, with equitable access to highest quality education for all learners regardless of social and economic background. The NEP has been widely discussed with great hope and aspiration of revolutionising the education system right from lower primary level to the university level. Inspite of many changes in the education system of the county it seen that a great portion country?s population though literate but they may be financially illiterate. Therefore the habit and knowledge of saving, investment and other financial management should be manifested as early as possible. India still lags behind western countries with regard to stock market investing. This is due to lack of stock market knowledge. Therefore, NEP 2020 has a mammoth task of bringing financial literacy to the masses which is the basic necessity of achieving the objectives financial inclusion. This paper will make an attempt to explore the scope of financial literacy in NEP 2020.

Keywords: National education policy, financial literacy, financial inclusion