National Centre for Financial Education–for a Financially Aware and Empowered India

  • Suresh G and Dr. K. Devan

Abstract

Most of the countries adopted unified and coordinated strategies for financial education for the people. India has a large population and fast growing economy with focusing inclusive growth and vital need for developing an energetic and stable financial system for all sectors of people, especially for young generation. In India, for implementation of National Strategy for Financial Education, the National Institute of Securities Market(NISM) has identified the National Centre for Financial Education(NCFE) as the Nodal Agency. With the support of all Financial sector Regulators of India such Reserve Bank of India(RBI), Securities and Exchange Board of India (SEBI), Pension Fund Regulatory & Development Authority (PFRDA), Insurance Regulatory and Development Authority (IRDA), and Forward Markets Commission(FMC), the NISM  has set up  the National Centre for Financial Education  for  further source of Financial Education and inclusion in our country in a collaborative approach. This paper has taken efforts to summarize the programs, campaigns, workshops, seminars, Trainings, discussion form initiated by NCFE to promote the essentiality of the Financial Education for each sector of people across the country according to National Strategy for financial Education. The data for this present study have been collected through the secondary sources. The secondary data have been obtained from the website of National Centre for Financial Education,  the Survey/Annual reports,  the bulletin, booklets, pamphlets, fliers, worksheets, statements, Financial literacy guides/posters, various reputed journals and newspapers.

Published
2020-08-01