Banking Facilities for Students
English Essay on "Banking Facilities for Students" - Composition on "Banking Facilities for Students"
The institution of banking is an integral part of any modern economic system. The principle of banking is, first, concentration, and, then, channelization of recourses for the purpose of fulfilling the economic needs of a nation and its members. People deposit their surplus money in banks, and while they are paid a fixed am.unt of interest on it, the deposited money ca he utilized to various ends. The construction of numerous huge buildings and projects and the execution of many developmental plans would be simply impossible without banking.
When we talk of providing banking facilities to students, we lay stress on the same subject from a different point of view. Popularization of banking habits among students would be immensely useful.educationsight.blogspot.com First, it would make them frugal It has been noted that students usually squander’ their money because of their natural carelessness. If they are made to understand that they could make better use of their pocket money by depositing some part of it in a bank, the idea is likely to gain favour with them.
But their money will not be lying idle in banks. On the contrary It will be spent on various economic plans and projects. In other words, the funds at the disposal of the nation will increase. As such if our resources go on increasing, our reliance on foreign aid will naturally be lessened, though not to a very great extent. At present, we are heavily burdened with hi foreign bars. Real economic progress is made only with the exploitation of the country’s own resources. Students, if they take banking seriously, can provide the country with a considerable amount of money for investment. In general, the banking habits of students wilt tend to strengthen our economy and promote the welfare of our society.
It might be argued that whatever has been said is mere idle talk. That students even if they deposit their surplus’ money in banks, will not provide any substantial amount of resources. This is not correct. Although students are not millionaires’, yet the little they contribute to their country’s development will not go waste. More important is the attitude that banking would produce, and develop in them, namely to spend carefully and thriftily Pakistan needs every rupee that her citizens can afford. The Government should, therefore, make all possible attempts to provide banking facilities to young students.
When we talk of providing banking facilities to students, we lay stress on the same subject from a different point of view. Popularization of banking habits among students would be immensely useful.educationsight.blogspot.com First, it would make them frugal It has been noted that students usually squander’ their money because of their natural carelessness. If they are made to understand that they could make better use of their pocket money by depositing some part of it in a bank, the idea is likely to gain favour with them.
But their money will not be lying idle in banks. On the contrary It will be spent on various economic plans and projects. In other words, the funds at the disposal of the nation will increase. As such if our resources go on increasing, our reliance on foreign aid will naturally be lessened, though not to a very great extent. At present, we are heavily burdened with hi foreign bars. Real economic progress is made only with the exploitation of the country’s own resources. Students, if they take banking seriously, can provide the country with a considerable amount of money for investment. In general, the banking habits of students wilt tend to strengthen our economy and promote the welfare of our society.
It might be argued that whatever has been said is mere idle talk. That students even if they deposit their surplus’ money in banks, will not provide any substantial amount of resources. This is not correct. Although students are not millionaires’, yet the little they contribute to their country’s development will not go waste. More important is the attitude that banking would produce, and develop in them, namely to spend carefully and thriftily Pakistan needs every rupee that her citizens can afford. The Government should, therefore, make all possible attempts to provide banking facilities to young students.
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