INTEGRATING FINANCIAL EDUCATION INTO THE NATIONAL EDUCATION POLICY (NEP) 2020: A FRAMEWORK FOR FOSTERING ECONOMIC RESILIENCE

Financial Literacy and financial education are gaining worldwide attention as a critical skill for livelihood. Education is a skill for survival like food, home, and shelter. The National Education Policy (2020) is an education system with the tagline "Educating the Next Generation." NEP's core ideas include focusing on real-world skills, critical thinking, and hands-on learning, making it an ideal framework for financial education. Its main goal is to demonstrate how the policy's flexible and practical approach is a perfect fit for integrating essential financial skills into the school system, from a young age all the way through high school, so that students can learn about saving, investment banking, budgeting concepts, and more. The NEP's primary component is the inclusion of financial acumen, which transforms it from a purely academic subject into a strategic necessity by enabling young people to secure their own prospects and support the national economy. The objectives of the research paper are to find out the present status of financial literacy in India and the role of NEP in its promotion. The research also proposes a financial literacy model and identifies potential challenges, while simultaneously providing strategic recommendations for the effective implementation of the NEP with integrated financial education.