The developing landscape around you must be teaching you with upscaling your skills, employability but there is a major which is less talked about – it’s about financial literacy in government skill development programmes. The promises made in these schemes are very high but they often leave people vulnerable to various financial insecurities and instabilities.
The harsh reality is that even after succeeding professionally, education is incomplete without financial education. It creates a trap for the youth which is very wide and deep in itself.
The Real Issue: Teaching Jobs but Not How to Handle Money
Across the globe as well, various educational and other institutions like Skill India, the National Skill Development Corporation (NSDC) have successfully given job opportunities, training to fight against poverty and unemployment. But none of their modules focused on teaching personal finance strategies, such as:
- How to budget monthly income
- Understanding interest rates and EMIs
- Recognising credit card traps
- Learning about saving, investing, and taxation
It is a gap in the education of the youth which is the root cause of many problems. Today, countless youths are facing financial issues related to financial debts, loans repayment and various others, these can be avoided by financial literacy.
Financial Illiteracy Leads to Debt, Not Empowerment
Youths are the easy targets of fraudsters because most of them are trained to earn not to manage financial resources. It leads to predatory lending and online scams as well. It is not greed — it is the ignorance which makes them the most vulnerable.
- Many get lured into buy-now-pay-later (BNPL) schemes.
- Others fall prey to fraudulent loan apps or unauthorized credit services.
- Some spend without saving and end up in chronic financial stress.
Why Are Government Schemes Missing Basic Money Lessons?
Financial illiteracy and ignorance of money management sessions in government schemes can be because of several reasons.
- Policy Blind Spots: Technical skills are focused more while practical skills are often ignored.
- No Mandates: In all the courses, there is no particular mandate to include these lessons neither from the central nor from the state governments.
- Lack of Trainers: Vocational trainers are qualified for vocational training not for financial lessons.
- Misplaced Assumptions: Financial skills are often ignored, especially in India, where managing finance is often taken as a personal responsibility.
Finance education is very important for those who earn less because one mistake can affect their entire life as well on a broader aspect.
What Needs to Change?
The idea comes from within the ruling government, if they want citizens to not just be educators rather thinkers as well empowered with financial solutions then financial literacy plays a crucial role.
- Introduce a Basic Financial Literacy Module: Teach budgeting, saving, taxes, and smart borrowing.
- Use Local Language and Simple Tools: Make it practical, relatable, and hands-on.
- Involve Banks and Fintech Experts: Financial awareness campaigns should be planned through experts backed suggestions and planning.
- Manage Outcomes: Get result insights by tracking improvements in participants financial planning
Why is Money a Trap as well?
We, including everyone, want to have more and more money, but even after attaining all the luxuries, we still crave for money without even thinking for a moment — What is the use of this surplus money? Even the wealthiest of all are not at peace and happiness, so why do we consider money as a peacemaker?
Having excessive money is a trap, it breaks your senses to look for peace in your lives. Jagatguru Tatvdarshi Sant Rampal Ji Maharaj has explained the nature of money (Maya) similar to a poison. The race to attain more name and fame, is a drug which will not leave you till your death. If you crave for ultimate happiness and everlasting peace, experience it in the refuge of Sant Rampal Ji Maharaj by receiving true mantras.
Kabir, Yeh Maya Atpati, Sab Ghat Aan Adi |
Kis Kis Ku Samjhau, Kuye Bhaang Padi ||
For more spiritual insights, watch spiritual lessons at ‘Sant Rampal Ji Maharaj’ YouTube channel or visit www.jagatgururampalji.org for gathering more information.
