Educating Youth towards Financial prosperity

BANGALORE, India - Jan. 30, 2015 - PRLog -- Financial literacy has been identified as one of the aspects essential for the financial growth of our country. Prime Minister Shri Narendra Modi has included financial literacy for the youth, as a very important part of his vision of a developed India. JGI Group has always tried to give their students a powerful education, and often tries to provide timely knowledge for their students with reference to current trends. JGI Group in association with Red Lounge Wealth Management and Ozone conducted a financial literacy programme “Dhan Jaagruti” for all it is under graduate and postgraduate students. Dhan Jaagruti is the first programme in India, which will educate college students on various concepts and give important financial knowledge that will help them make prudent investments.

This programme is path breaking, since this will be first programme that will educate the students on the importance of financial planning.

Prof. Balaji Rao D.G, Associate Dean – ARG, Jain College said, “We have become victims of our upbringing. Our parents, friends, relatives perpetuate the belief, that financial matters are too serious for youngsters. I strongly believe that youth must start saving young; it will make a big difference in their lives.”

“You need to keep yourselves educated on the various basic ideas like having a bank account, making sure you have a PAN card and AADHAR card, these are just some of the few things needed to help you understand the world of finance, and help you to take baby steps in the world of investments” , he elaborated.

The programme also touched upon various kinds of investment that students could make using their pocket money/living expenses. The speakers also elucidated how company shares of organisations like Asian Paints, Apollo Hospitals, and Bharati India had grown through the years, and has given profit to the many who had invested. Prof. Balaji pointed out that similarly such an effect can be achieved if one invests in the right companies, at a young age. He also said that one must invest in multiple ways gold, real estate, equity funds are all ways to make one’s wealth grow.

Archana. R, second B.Com student said, “The session was highly informative and everything was presented in simple terms. I will be applying for my PAN Card; this has become very easy for me, since it is done through my college.”

In monthly sessions, students will continue to learn to make Systematic Investment Plan (SIP), and the ways to choose the appropriate companies to invest in. Mr. Chandan Savant - AXIS Mutual Fund, Mr.Yatindar - NJ Invest India, Mr. Nehal Bhateja - Red Lounge Wealth Management, Dr. B A Vasu, Center Head, School for Commerce and Management Studies, Jain University presided over the session.

JGI Group continue to empower their students with practical and worldly skills, to become money wise, and to make prudent investments to secure their future.