National Education Policy 2020 widens the platform to introduce and implement a sea of changes covering all the hierarchy of the education system of India. It also spotlights to implement changes in the way that the facilitator shall adopt the holistic approach of being trained for the various skill sets and then impart the skills to give students. The motive behind enforcing the NEP in the education system is to develop good human beings with high emotional quotient and with the touch of rational thoughts and action, possetting compassion and empathy, courage and resilience, scientific temper and creative imagination and also with sound ethical moorings and values. It also intends to create and bring the engaged, productive and contributing citizens for constructing an equitable, inclusive and plural society as envisaged by our constitution. The present study aimed to discuss about the, benefits of NEP to Management Colleges, benefits of NEP to Commerce Colleges, benefits to Industry and other service providers, benefits to Students.

This paper aims to identify the concerns and focus of NEP 2020. Commerce and management education play an important role in the country's economy as it affects all the sectors like manufacturing. service industry, research and development, banking. etc. In the entire field, finance is the nerve system, and knowledge to manage finance is dealt with commerce and management. The current education policy existing in India is concentrating majorly on theoretical aspects which lack the practical training among the students i.e., the major drawback for meeting the global job opportunities.