Students studying in Class 9 in schools of other educational boards including the Central Board of Secondary Education (CBSE) will now study about personal finance. For example, students will be taught in class where they can invest their pocket money. Along with this, practical matters related to loans and business will also be told to the students. For this students will be taught about EMI, FD and mutual funds. NCERT has included a chapter on personal finance in the class 9 textbook.
Come on, let us elaborate. Let’s know why Personal Finance chapter in NCERT book is in discussion. Let’s see what else is covered in this chapter. We will find out what is the purpose of including this chapter and what students will learn.
Posted by Economist Sanjiv Sanyal
The Personal Finance chapter included in the 9th book of NCERT is in the news these days following a post by Economist Sanjiv Sanyal, Member of the Prime Minister’s Economic Advisory Council. In fact, he wrote a post about this chapter on social media platform ‘X’.
Referring to the book, he writes that in this chapter, risk-taking, innovation and entrepreneurship are presented as positive activities, which is completely different from the perspective of the old books (in the old books these things were often shown in association with ‘hoarding’ and ‘black-marketing’).
Chapter in 9th Social Science Book
NCERT has included a chapter on Personal Finance in the 9th Social Science book. The NCERT Class 9 Social Science ‘Understanding Society: India and Beyond’ Part 2 book now includes a chapter on Personal Finance in the Economics section. This book has recently been released under the new education policy of NCERT.
Grade 9 Social Science Part 2 also has a chapter on entrepreneurship. It explains the basics of profit and loss account, business plans etc. Most importantly, it presents risk-taking, innovation, and entrepreneurship as a positive activity—quite different from how previous textbooks portrayed it (emphasized “hoarding” and “black-market”). 2/2
— Sanjeev Sanyal (@sanjeevsanyal) November 3, 2026
What is the purpose of including this chapter?
Economist Sanjeev Sanyal, a member of the Prime Minister’s Council of Economic Advisers, wrote about the inclusion of a chapter on personal finance in the book, saying that it aims to provide students with useful life skills. For example, the purpose of including this chapter is not to prepare students to become investors at age 14 or 15. The purpose of including this chapter is to familiarize them with the language of money and the consequences of financial decisions.
What will students learn in Personal Finance Chapter?
The book’s Personal Finance chapter explains five key aspects of personal finance, including income, budgeting, savings, investing, and security and risk management. As a form of savings, students will be told about fixed deposits, government savings schemes, bonds, shares and mutual funds. Along with this, students will also be explained in this chapter how inflation, compound interest and investment risks are related to potential returns.
Borrowing (taking a loan) is also explained in this chapter, where students will be taught about ‘equal monthly installments’ (EMI) and the cost of buying goods on credit. Income tax and GST are also included.
