JK News Today

Jammu, 11 Sept: A special lecture to promote financial literacy among students was organised at IIMC Jammu here today. The event commenced with the formal welcome of Ms. Neha Jalali (IIS), Director PIB and IIMC Jammu, who recently assumed the charge at IIMC Jammu.
While addressing the students on the topic, Ms. Jalali shared the scope of financial literacy among media students both as an opportunity for professional as well as personal growth. She emphasized on the importance of having domain knowledge and how savings must be practiced as a habit and setting clear financial goals can boost the quality of life in long term.
Earlier, Dr. Dilip Kumar, Regional Director, IIMC Jammu; and Vivek Pathak, OSD (Admn) and Integrated Financial Advisor, IIMC Jammu; honoured the two officials from SBI Jammu- Ramesh Raina, financial literacy counsellor of SBI for Jammu District and Vikram, Branch Manager of SBI Bantalab, Jammu, with potted plants.
Ramesh Raina, financial literacy counsellor of SBI for Jammu District and Vikram, Branch Manager of SBI Bantalab, Jammu, discussed the importance of early financial planning for sound financial and physical health. They both discussed important financial topics covering savings, money raising, insurance, securities, investments and managing uncertainties.
Raina explained the importance of savings, budgeting, and investment to the students by emphasizing on difference between two different types of expenses, including needful expenses and wishful expenses. He brought out the importance of mixed portfolios and mixed investment approach for securing future financial needs. Besides, he also discussed the benefits of various government schemes like Jeevan Jyoti Scheme, Ayushman Bharat Scheme, Atal Pension Scheme and PM Vishvkarma Scheme and other banking support that students can avail for loans and other subsidies.
The programme aimed at equipping the students with the knowledge of various financial schemes and skills to make informed choices for securing a better future. Students were also made aware not to fall victim to various predatory practices. Emphasis was laid on having the right knowledge and early decisions that can help students take greater control and become more confident while dealing with finances in later stages of life.
During the programme students asked several questions related to the topic on the position of Indian currency in global market, need for change from Rupee to Rupay and benefits of investments in mutual funds and shares.
Rajiv Kumar, Academic Associate, English Journalism, concluded the event and Dr. Ravia Gupta, Assistant Professor, presented the vote of thanks. The event was moderated by students Prasannata from Hindi Journalism and Pawan Yadav from English Journalism.
Others who attended the event were Dr. Vinit Utpal, Assistant Professor (Digital Media), Gulshan Kumar and Madhusudan, Academic Associates at IIMC Jammu.