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What is Fincap?

FinCAP is an innovative tool for assessing pupils’ personal finance knowledge, skills and attitudes.

What do we mean by financial education?

Financial education is a programme of study that aims to equip young people with the knowledge, skills, and confidence to manage their money well.  High quality teaching ensures that learners  grow to understand their attitude to risk, and become aware of their own behaviour and emotions when making financial decisions. It is also achieved through applied learning, for example as a context for teaching mathematics, where students grasp mathematical concepts through real-life scenarios.

Why do people need it?

Despite the arrival of new technology such as online and mobile banking, 60% of adults believe that managing money is more difficult now, with only 12% finding that it had become easier. The shift towards an increasingly cashless society, and more financial products and services than ever before, is making it harder for young people to navigate their personal finances. It is in this context that financial education should be an entitlement for each and every young person in order to be able to make the most of their opportunities: in education, in careers, and as future citizens.

At Surya Sabha, we know that the classroom setting is the most efficient way to reach the widest number of young people, with a teacher who understands their students’ circumstances and needs. In the evaluation of My Money , 85% of teachers surveyed said children showed an increase in skills and knowledge about money, with 82% reporting that children were motivated to learn more. This is unsurprising, when our research shows a dangerous gap in financial knowledge: nearly half (42%) of 14-25 year olds cannot interpret the difference between being in credit and overdrawn on a bank statement.aching –

What has Surya Sabha’s role been?

Surya Sabha became a registered charity in 2015 and in 2016 it became part of Young Enterprise forming the India’s leading charity that empowers young people to harness their personal and business skills. Surya Sabha has played a key role in growing both the quality and the quantity of financial education in schools. Major projects in primary and secondary schools, training teachers,producing and accrediting high quality teaching resources and holding the annual Money Week have all transformed the way in which financial education is taught.

Planning and Teaching – What is financial education?


  • Financial capability is all about having the skills to manage money in the real world
  • We need to pass on the knowledge, skills and confidence to ask the right questions
  • This leads to well informed, sensible decision making, appropriate to an individual’s financial circumstances
  • We believe that finance education should start from an early age in schools and educational environments
  • It should include an understanding of how money affects feelings and personal wellbeing
  • Children are interacting with money issues earlier and earlier– like mobile phones and buying online
  • In order to prepare them for adult life and help them to participate and flourish in our society we must give all young people access to finance education

Personal finance education is most effective when delivered as a planned programme of learning opportunities and experiences designed to increase the financial capability of all pupils from every social and cultural background

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