International Journal of Social Science & Economic Research
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Title:
STUDENT LOANS AND SEED-FUNDS: ASSESSING THE NEED FOR EARLY-CAREER FINANCIAL PLANNING IN URBAN INDIA

Authors:
Soham Mohta

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Soham Mohta
Step by Step School

MLA 8
Mohta, Soham. "STUDENT LOANS AND SEED-FUNDS: ASSESSING THE NEED FOR EARLY-CAREER FINANCIAL PLANNING IN URBAN INDIA." Int. j. of Social Science and Economic Research, vol. 5, no. 9, Sept. 2020, pp. 2706-2712, doi:10.46609/IJSSER.2020.v05i09.021. Accessed Sept. 2020.
APA 6
Mohta, S. (2020, September). STUDENT LOANS AND SEED-FUNDS: ASSESSING THE NEED FOR EARLY-CAREER FINANCIAL PLANNING IN URBAN INDIA. Int. j. of Social Science and Economic Research, 5(9), 2706-2712. doi:10.46609/IJSSER.2020.v05i09.021
Chicago
Mohta, Soham. "STUDENT LOANS AND SEED-FUNDS: ASSESSING THE NEED FOR EARLY-CAREER FINANCIAL PLANNING IN URBAN INDIA." Int. j. of Social Science and Economic Research 5, no. 9 (September 2020), 2706-2712. Accessed September, 2020. doi:10.46609/IJSSER.2020.v05i09.021.

References

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[2]. Khatri, B, (1 Feb 2020), 'Union Budget 2020: Govt To Set Up Seed Fund To Support Early Stage Startups', Inc42, https://inc42.com/buzz/budget-2020-govt-to-set-up-seed-fund-to-support-early-stage-startups/
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[12]. United Nations, (n.d), 'Sustainable Development Goals: Quality Education', https://www.un.org/sustainabledevelopment/education/

Abstract:
Given the turbulent state of the economy and the pervasive issues of unemployment and underemployment, financial planning for early career professionals has become essential and integral especially in urban India. However, access to financial planning services, the burden of student loans, lack of well paying job opportunities and a lack of seed funding opportunities all exacerbate the issue. In addition, women are often unable to have the requisite savings due to lack of financial literacy and social restrictions. This paper will examine the issues pertaining to financial planning for early career professionals, and the largest obstacles that have prevented an equitable solution from arising. The paper will propose policy recommendations as well as a rights based approach to education and loans, to better tackle the issue and ensure the youth of India are able to save, consume and create jobs themselves.

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