BASIC FINANCIAL

LITERACY COURSE

Managing personal finances will not get so easier

NEED OF THIS COURSE
 Financial literacy refers to the set of skills and knowledge that
allows an individual to make informed and effective decisions
through their understanding of finance. Financial Literacy is
important to help individuals to meet their life’s goals and
objectives.
 The aim of the course is to educate learners on simple concepts of
personal finance. The course would cover in simple language
topics such as income, taxation, expenditure, savings &
investment avenues, borrowing, managing risk, budgeting etc.
Participants would also learn about various financial institutions
and in what ways they can benefit from these institutions. The
course will help participants to become aware of different
products through which they can meet their financial needs and
finally educate them about the benefits of prudent financial
behaviour.
ABOUT THE COURSE
 14 modules covering 14 different topics of personal day-to-day finances.

 Total duration of the course is 2 months with 1 hour daily for each module
(20 minute of learning, 20 minute of exercise & 20minute for test).

 Mode of learning is completely e-learning with high quality digital content

and voice narration.

 A case-study based approach is used to relate to individual financial

problems.

 Course is targeted to students, working professionals and anyone who feels

the need for managing personal finance.
SYLLABUS

The course consists of fourteen modules on various aspects of day-to-day

finance, as mentioned below:
 Salary
 Business Income and Agricultural Income
 Taxation and Expenditure
 Banks
 Post Office
 Interest Income
 Debt
 Equity and Mutual Funds
 Other Investments and Retirement Planning
 Loans
 Taking a home loan
 Risk
 Insurance
 Budgeting
TOPICS COVERED
 Salary and its related information like difference between income and revenue.

 Forms and categories of businesses, ways to start, fund and run a business.
Difference between business income and agricultural income.

 Knowledge about taxes and basic tax planning.

 Working of banks and best ways of using the facilities and services of banks.

 Post office as an investment avenue, with information on Term deposits, NSC,

PPF, etc.

 Interest income, simple and compound interest, power of compounding, etc.

 Investing in Debt Market, terms used like yield and maturity, and its
assessment.
TOPICS COVERED
 Basic knowledge about investing in stock market through equity and
mutual funds.

 Information about retirement planning and using other investment

avenues for retirement planning.

 Personal and home loans are covered, concepts like EMI, interest,
durations, and the relationship among them is discussed in detail

 How to manage risk and take calculated risks for maximizing returns.

 Detailed information about insurance is covered. Topics like need, policy,

premium, types of insurance and claim process are explained.

 Budgeting and its importance with example is included for benefit of

every individual.
COURSE TAKE-AWAY
 Knowledge about various concepts and terms used in the financial
world in a very simple language.

 Improves ability and confidence to manage personal finance.

 Arms the individual with the knowledge to make smart investments.

 Teaches how to balance day-to-day income and expenses with proper

budgeting.

 Equips for future and retirement planning for a financially secure

life.

 Imparts the knowledge for surviving in a financially uncertain future.

 LEARNER
 Course Duration – 2 (Two) Months

 Batch – Monthly

 Learner Fees – Rs 1325/- (Including service tax)

 Eligibility Criteria – Basic knowledge of computers (MS-CIT) and

understanding of simple spoken English is necessary.

 Medium Of Learning – The course will be conducted in English.

 Study Material
 Interactive eContent at no extra cost
 Learners will get print material from MKCL/NSE.
 EXAMINATION PATTERN
Module wise Objective Tests

 A simple objective test of about 20 questions related to the

module will be taken after the completions of the module.

 Passing in each test is expected for the Learner so as to ensure the

complete learning. The learner may opt to revise the content
before re-appearing the test.

 Learner is expected to solve all the tests in form of objective

questions and/or exercises given in the handbook using his/her
ERA login at the WAVE - Authorized Learning Center (ALC) in
which he/she has been enrolled.
EXAMINATION PATTERN
Supervised Final Online Examination

 Supervised Final Online Examination shall be conducted at each

WAVE - Authorized Learning Center (ALC) under the supervision of
MKCL’s Tehsil Lead Center (TLC) / Ward Lead Center (WLC)
representative.

 Supervised Final Online Examination shall comprise of an Objective

test.

 Final Exam would comprise of supervised Objective Examination of

30 Minutes Duration & carrying 50 marks

 Long Assignment/Scenario based Question of 1 Hour duration &

carrying 50 marks
THANK YOU………….