Importance of Inclusion of Financial Literacy in National Educational Policy: A Study with Salaried Employees in Tamil Nādu

Abstract

Financial Literacy is a need-for-the-hour concept, to boost investments and increase returns it is indeed to have financial knowledge, attitude, and behavior along with financial literacy, this paper tries to measure the financial literacy levels of employees in south India and to collect insight on individuals’ perception of the inclusion of financial literacy in National Education Policy 2020. A survey has been conducted and collected data through questionnaire, percentage analysis, and chisquare has been used to analyze the data. The results say only 31.6% have financial literacy, in that males have a higher rate of financial literacy compared to females. The inclusion of financial literacy in NEP 2020 must be properly enforced so that it can increase public investments and in turn, it improves economic growth more policies and initiatives had to be formulated to educate people on financial literacy.