The National Centre for Financial Education and the Department of B.Com-Banking and Insurance organized a seminar on the Financial Literacy Program on January 31, 2025, for I B.Com students in Seminar Hall. The session began with a warm welcome delivered by Ms.Sai Sruthi, II B.Com Students, who introduced the guest speaker and handed over the session., Mr.R.Rajesh Babu, NCFE Empanelled Trainer, National Centre for Financial Education, Madurai has been invited as the resource person. He provided a detailed description of the program to provide a comprehensive understanding of investment basics: identity theft, responsible use of credit cards, education loan borrowing principles, how to avoid impulsive buying, let’s go cashless, and your first pay cheque. The session concluded with a vote of thanks delivered by Ms.Suriya Prabha, II Year Students. Totally, 66 students of I B.Com B&I got benefitted.
Outcome of the Programme
- Students were able to learn foundational concepts like budgeting, saving, credit management, and understanding financial products such as loans, insurance, and credit cards. This program helped them to understand the financial world and make informed decisions as they entered adulthood.
- The seminar instilled a sense of financial responsibility in students, teaching them how to prioritize spending, save money, and live within their means. This awareness helped them to make more mindful decisions with their money. Students were better equipped to make informed investment decisions and build comprehensive financial plans for their future.
- Students were able to prepare face decisions like choosing a college or career path based on their financial situation, understanding student loans, or managing living expenses while in school or starting their first job.