Rakesh Ranjan

Study of Financial Literacy Among the Teaching Staff Rakesh Ranjan

Financial literacy is considered as an important medium for enhancing people?s knowledge about basic finance concepts which leads to better savings, investment, capital formation which in turn leads to economic growth and development. At this juncture, the need for financial literacy is getting greater because of the low level of literacy and a large section of society remains out of the formal financial set-up. For making students financially literate it becomes necessary to see the financial literacy among teachers at school levels and college, irrespective of any discipline. If teachers are financially literate then they can train the future productive citizens practically in this new endeavor. On the basis of surveys of financial literacy we can develop the programme for teachers to foster their financial literacy.