About
2023-24
2022-23
2021-22
2020-21
2019-20
2018-19
About
Financial Literacy (FinLit) Cell
Creating Awareness and Empowering people to make sound financial decisions
Background and the contextual issues for creating the need of the FinLit Cell
Dr.Brijmohan Dayma and Dr.Sarika Dayma are the faculty members from the college. While interacting with the college students, they were many incidences which indicated the poor financial literacy level among students and their parents. Majority students were the first generation learners from rural areas and Marathi medium. That created restlessness in them. Coincidently, both of them were certified as the SEBI-NISM resource person for promoting financial literacy in Maharashtra in August 2011. It gave birth to the concept of having a dedicated cell in the college for promoting financial literacy. So the cell was established in September 2011. At the time of inception of the cell the first 3 objectives were decided. The NAAC Peer Team visiting the college in March 2014 (2nd cycle) suggested to add the research dimension to the Cell. In 2014-15, the 5th objective was added considering the demand from the students’ community.
Objectives of the FinLit Cell
- To promote financial literacy across Maharashtra among different sections of society
- To create financial awareness and empowerment through financial literacy programmes
- To work in collaboration with the national and international institutes promoting the financial literacy
- To prepare appropriate financial literature for the target groups
- To promote research in various aspects of financial literacy
Outcome-
- Since August 2011, total 268 SEBI financial literacy workshops are conducted throughout Maharashtra.
- More than twenty five thousand participants benefited from the workshop during last seven years.
- On satisfactory performance of the RPs, their tenure is extended upto 31st March 2020.
- Due to the excellent track record of past years, our two RPs were selected for promoting the NCFE-NFLAT.
- FEW 2017 (255 students from 2 colleges) and FEW 2018 (725 students from 11 colleges) got good response from college students and teachers. These programmes played an important role to promote financial literacy among higher educated youths.
Challenges faced-
- Initially the SEBI study material was in Hindi and English only. However, most of the participants were from Marathi speaking community. We requested SEBI to provide material in Marathi and since 2013 it is available.
- The students were reluctant to use English study material and demanded the study material in simple Marathi language. So we have to develop it and provide it on cost basis.
- The resource persons have to arrange workshops after normal working hours or during holidays.
- It is challenging to convince rural people, senior citizens and deprived sections for the workshop.
- The college has financial constraints for research work. So we requested the parent society (DES) and it has sanctioned 2 MRPs to teacher members of the cell.
- Due to lack of sufficient infrastructure, a school was unable to conduct online NFLAT. The college arranged the test for approximately thousand girl students in the college computer lab.
2023-24
| Sr.No. | Details of activities/events | Collaborations/ Partners | Duration | Beneficiaries | Weblink of report |
| 1. | Webinar on Financial Wellness Enhancement | Ms Minal Gala | 09 August 2023 | 76 | Webinar on Financial Wellness Enhancement |
| 2 | Financial Stability after Graduation | Mr. Chetan Godbole | 05 Feb 2024 | 189 | Financial Stability after Graduation |
| 3 | National Financial Literacy Quiz | NISM | Oct 2023 to Feb 2024 | 159 | National Financial Literacy Quiz |
2022-23
Activities of the FinLit Cell and beneficiaries
Sr.No. | Details of activities/events | Collaborations/ Partners | Duration | Beneficiaries | Weblink of report |
1. | 1.Financial Literacy Awareness | 1.Currency Grow | 1.23 November 2022 | 1. 101 | |
2 | Stock Market Awareness | NSE & NSDL | 25 January 2023 | 116 | |
3 | Corporate Governance | CA Kittekar Associates | 18 March 2023 | 81 |
2021-22
Tab Content
2020-21
Tab Content
2019-20
Tab Content
2018-19
Financial Literacy (FinLit) Cell
Creating Awareness and Empowering people to make sound financial decisions
Background and the contextual issues for creating the need of the FinLit Cell
Dr.Brijmohan Dayma and Dr.Sarika Dayma are the faculty members from the college. While interacting with the college students, they were many incidences which indicated the poor financial literacy level among students and their parents. Majority students were the first generation learners from rural areas and Marathi medium. That created restlessness in them. Coincidently, both of them were certified as the SEBI-NISM resource person for promoting financial literacy in Maharashtra in August 2011. It gave birth to the concept of having a dedicated cell in the college for promoting financial literacy. So the cell was established in September 2011. At the time of inception of the cell the first 3 objectives were decided. The NAAC Peer Team visiting the college in March 2014 (2nd cycle) suggested to add the research dimension to the Cell. In 2014-15, the 5th objective was added considering the demand from the students’ community.
Objectives of the FinLit Cell-
-
- To promote financial literacy across Maharashtra among different sections of society
- To create financial awareness and empowerment through financial literacy programmes
- To work in collaboration with the national and international institutes promoting the financial literacy
- To prepare appropriate financial literature for the target groups
- To promote research in various aspects of financial literacy
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- Dr.Sarika Dayma, Project Coordinator
- Dr.Brijmohan Dayma, Member
- Shri.Shrikant Pandya, Member
| Sr. No. | Programme | Duration | Organized by |
| 1. | SEBI-NISM Financial education resource person training programme | August 21-27, 2011 | National Institute of Securities Markets (NISM) Mumbai |
| 2. | SEBI-NISM Financial Education Refresher Training programme | September 2013 | National Institute of Securities Markets (NISM) Bangaluru |
| 3. | Contact Programme for Trainers in Securities Markets-Mutual fund module at NISM Chennai | 23-24 January, 2015 | National Institute of Securities Markets (NISM) Chennai |
| 4. | SEBI-NISM Financial Education Refresher Training programme at NISM Hyderabad | 14-15 February, 2015 | National Institute of Securities Markets (NISM) Hyderabad |
| 5. | NCFE-FETP at Goldcrest High, Latur | 16-17/01/2016 | NCFE, Mumbai |
| 6. | Master class on Behavioural Finance by Master trainer Dr.Arman Eshragji, University of Edinburgh (UK) | May 4-5th 2016 | National Institute of Securities Markets (NISM) Mumbai & University of Edinburgh (UK) |
| 7. | 1st Policy Forum on Financial Literacy and Financial Inclusion of NCFE, Mumbai | 15-16th December 2016 | NCFE, Mumbai |
| 8. | FDP on Managing money for Happy Family: Bharatiya Insights | 15th to 21st April 2017 | MHRD and Bansthali Vidyapith |
| 9. | 2nd Policy Forum on Financial Literacy and Financial Inclusion of NCFE, Mumbai | 15-16th December 2017 | NCFE, Mumbai |
| 10. | SEBI-NISM Financial Education Refresher Training programme | 3-4th November 2018 | National Institute of Securities Markets (NISM) Nagpur |
| Sr.No. | Details of activities/events | Collaborations/ Partners | Duration | Beneficiaries | Weblink of report |
| 1. | SEBI Financial Literacy Workshops (No. of participants in post NAAC period from 2014-15 to 2018-19 =13,768 in 145 workshops) | Securities and Exchange Board of India | Since 21st August 2011-Throughout the year | 25,443 in 270 workshops | Weblink |
| 2. | NCFE-NFLAT (Number of participants in post-NAAC period from 2014-15 to 2017-18 is 20,459) | National Council for Financial Education | Since 2013-14, annually | 24,130 | Weblink |
| 3. | One day Financial Literacy Workshop for School Head Masters | Securities and Exchange Board of India | 13th October 2015 | 30 | weblink |
| 4. | FETP for teachers | National Council for Financial Education | 16th &17th of January 2016 | 68 | Weblink |
| 5. | Financial Education Week (FEW) 2017 and FinLit Test | Association of International Wealth Management of India (AIWMI) and National Institute of Securities Market (NISM) | 30th January to 4th February 2017 | 255 students from 2 colleges | Weblink |
| 6. | NISM workshops on ‘Careers in Securities Markets’ | National Institute of Securities Markets | Since 22-02-2017 | 364 | Weblink |
| 7. | World Investor Week (WIW) 2017 at 3 colleges 1. D Law College-59 2. S Deshmukh College-208 3. D Science College-113 =380 participants | IOSCO & SEBI | 2 – 8 October 2017 | 380 students form 3 colleges | Weblink |
| 8. | Financial Education Week (FEW) 2018 and FinLit Test | Association of International Wealth Management of India (AIWMI) and National Institute of Securities Market (NISM) | 22nd January to 26th January 2018 | 725 students from 11 colleges | Weblink |
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-
- Since August 2011, total 268 SEBI financial literacy workshops are conducted throughout Maharashtra.
- More than twenty five thousand participants benefited from the workshop during last seven years.
- On satisfactory performance of the RPs, their tenure is extended upto 31st March 2020.
- Due to the excellent track record of past years, our two RPs were selected for promoting the NCFE-NFLAT.
- FEW 2017 (255 students from 2 colleges) and FEW 2018 (725 students from 11 colleges) got good response from college students and teachers. These programmes played an important role to promote financial literacy among higher educated youths.
-
-
-
- Initially the SEBI study material was in Hindi and English only. However, most of the participants were from Marathi speaking community. We requested SEBI to provide material in Marathi and since 2013 it is available.
- The students were reluctant to use English study material and demanded the study material in simple Marathi language. So we have to develop it and provide it on cost basis.
- The resource persons have to arrange workshops after normal working hours or during holidays.
- It is challenging to convince rural people, senior citizens and deprived sections for the workshop.
- The college has financial constraints for research work. So we requested the parent society (DES) and it has sanctioned 2 MRPs to teacher members of the cell.
- Due to lack of sufficient infrastructure, a school was unable to conduct online NFLAT. The college arranged the test for approximately thousand girl students in the college computer lab.
-