Fostering financial literacy among youths

Undoubtedly, each citizen waits for the annual budget. When it comes to youths, understanding the budget becomes crucial as it instills financial discipline, cultivates responsible spending habits, and helps avoid unnecessary debt. A budget enables students to manage expenses, save for future goals, and navigate the challenges of student life. It promotes financial awareness and empowers students to make informed decisions, fostering a strong foundation for their economic well-being.

Thus, understanding the importance of the same, the Finance Club at Apeejay Institute of Management & Engineering Technical Campus (AIMETC) in Jalandhar demonstrated its commitment to financial education by hosting a live stream on “Union Budget 2024” and an “Investment Awareness Session”. 

Students from BBA, B Com and MBA programmes attended the event that facilitated an in-depth exploration of the Interim Budget and insights into the realm of investments.

The workshop was led by resource person Mr. Anu Jindal, Vice President of Bandhan Mutual Fund, who was welcomed by Dr. Rajesh Bagga, Director of AIMETC. 

Dr. Bagga underscored the significance of financial literacy in today’s dynamic economic landscape and lauded the Finance Club’s efforts in providing students with opportunities for knowledge enrichment. He emphasised the club’s commitment to fostering financial literacy, aligning with AIMETC’s mission of holistic education.

Mr. Jindal, drawing from his expertise, delved into the intricacies of the Interim Budget 2024. Offering comprehensive analysis and keen insights, he provided students with a practical understanding of the financial landscape in light of the latest budgetary developments. Mr. Jindal highlighted the budget’s focus on infrastructure upgrades and nationwide connectivity, complemented by a screening of the financial movie “One Idiot” directed by Amol Gupta, sensitising students to the benefits of cultivating early investing habits.

The session culminated with an interactive question-and-answer segment, enabling students to pose queries to the resource person. Mr. Jindal reciprocated by posing questions to gauge the event’s success. Active student participants were rewarded with goodies and gifts, enhancing the session with an element of appreciation.

In the end, Dr. Bagga extended his best wishes to Dr. Anu Sahi, Convenor of the Finance Club, Ms. Hardeep Kaur, Faculty Coordinator of the Finance Club, and student members, who played pivotal roles in coordinating the event. Their dedication and meticulous planning ensured the session’s success, providing a valuable platform for students to engage with industry experts and deepen their understanding of financial concepts.