National Strategy on Financial Education (2020-25)

It was framed by National Centre for Financial Education in consultation with Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Development Authority (PFRDA).

  • The Strategy recommends adoption of a Multi-Stakeholder Approach to achieve financial well-being of all Indians.

Financial Literacy and Education

  • Financial Literacy is defined as a combination of financial awareness, knowledge, skills, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being.
  • Financial Education is defined as the process by which financial ....
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