Financial literacy is a core life skill that focuses on knowledge, behaviour and attitude required to make responsible money management decisions. In 2005, the OECD recommended that financial education start as early as possible and be taught in schools. In line with OECD recommendation, National Financial Literacy Assessment Test (NFLAT) conducted by the NCFE, encourages school students of Class VI to XII, to acquire basic financial skills necessary to make informed and effective financial decisions throughout each stage of their lives.
NFLAT was launched in the year 2013-14. Globally, it is one of the largest FREE annual financial literacy test for school students. NFLAT Senior was launched in academic year 2017-18 for Class 11 and 12 students in English only. It is conducted in both online (computer based) and offline (pen-paper based) mode.
Our college registered for this test and 1253 students appeared for it in online mode. The college was shortlisted in the TOP 10 Schools/Colleges in Western region of India. The second round was conducted on 13th to 15th April2018 at Patalganga NISM Campus in which two students along with their parents participated. Mr.Subhash More represented the college team. The college was felicitated with a memento and the students were felicitated with cash prize and certificate.