Finance
- Shikska Uday
- Nov 4, 2024
- 2 min read
Updated: Nov 8, 2024
At Shiksha Uday, our focus is on providing rural and underprivileged children with essential financial knowledge that will serve as a foundation for their future success.
Financial literacy is often lacking in these communities, leading to missed opportunities for economic growth and security. We aim to bridge this gap by educating children on financial investment, which helps them understand how to grow their money over time. By learning about investment opportunities, they can start thinking about their future financial goals and how to achieve them, fostering a mindset of long-term planning and security.
Tax is another area where awareness is low. Many people in rural areas may not understand the role taxes play in supporting public services such as schools, healthcare, and infrastructure. By teaching children about taxes, we hope to instil a sense of civic responsibility and the importance of contributing to society.
Savings is a critical concept that we emphasise, as it teaches children the importance of setting aside money for future needs or emergencies. In communities where income can be unstable, understanding how to save even small amounts can make a significant difference in financial stability and security.
Lastly, understanding MRP is crucial for these children, as it empowers them to be informed consumers. Knowing the Maximum Retail Price helps them avoid being overcharged and ensures they get fair value for their money.
This knowledge is particularly important in rural areas where consumer rights may not be well understood or enforced.
By covering these essential topics, we aim to equip children with the financial tools and knowledge they need to make informed decisions, helping them to secure a better future for themselves and their communities.
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