Financial Lireracy Awareness Program (FLAP)

Introduction 

Financial literacy is the ability to understand and use financial information to make informed decisions about money. It is an essential skill for everyone, regardless of age, income, or education level. 

This Financial Literacy Awareness Program is designed to help you learn the basics of financial literacy, including budgeting, investing, and planning for the future. The program is divided into three modules: Basic, Intermediate, and Advanced. 

Basic Module 

The Basic module will cover the following topics: 

• Introduction to financial literacy 
• Setting financial goals 
• Budgeting - Income vs Expenses
• Budgeting Prioritazation of Needs
• Understanding interesting concepts 
• Basics of investment 
• Banking basics - Part I 
• Reserve Bank of India 

Intermediate Module The Intermediate module will cover the following topics: 

• Introduction to financial literacy 
• Savings and investment products 
• Basic taxation 
• Basic insurance 
• Banking basics - Part II 
• Basics of credit cards and debit cards 
• Loan products from banks 
• Insurance Regulatory and Development Authority (IRDA) 

Advanced Module The Advanced module will cover the following topics: 

• The importance of financial planning 
• Savings vs. investments 
• Basics of equity and mutual funds 
• Risk vs. returns perspective 
• Basics of currency and exchange rates 
• Basics of financial markets 
• Securities and Exchange Board of India (SEBI) 

Why is this program important? 

Financial literacy is important for a number of reasons. It can help you to: 

Make better financial decisions Manage your money more effectively Save for the future Reach your financial goals Avoid debt and bankruptcy Protect yourself from financial scams Who can benefit from this program? 

This program is designed for anyone who wants to learn more about financial literacy. It is especially beneficial for people who are new to managing their finances, as well as people who are looking to improve their financial skills. 

How to participate in the program The Financial Literacy Awareness Program is available online and in person. To participate in the online program, simply visit the website and create an account. To participate in the in-person program, contact your local financial institution or library. Conclusion Financial literacy is an essential skill for everyone. 

The Financial Literacy Awareness Program can help you learn the basics of financial literacy, so that you can make informed decisions about your money and achieve your financial goals.