National Strategy for Financial Education

  • On 20th August, 2020, the Reserve Bank of India (RBI) released the National Strategy for Financial Education(NSFE): 2020-2025 document in order achieve the vision of creating a financially aware and empowered India.
  • This is the second national strategy; the first was launched in 2013.

Background and Rationale of NSFE

  • India has a large population of adults.This demographic advantage can be leveraged to ensure that India becomes one of the fastest growing economies, with emphasis on inclusive growth through a vibrant and stable financial system.
  • Over the last few years, there has been rapid progress towards digitalization which has brought newer opportunities ....
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