• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

RBI releases National Strategy for Financial Education

Juliet Woodard by Juliet Woodard
August 22, 2020
Home Business
Share on FacebookShare on Twitter

The National Strategy for Financial Education (NSFE): 2020-2025 document released by the Reserve Bank of India (RBI) on Tuesday has recommended a ‘5 C’ approach for dissemination of financial education in the country.These include emphasis on development of relevant content in curriculum in schools, colleges and training establishments, developing capacity among the intermediaries involved in providing financial services, leveraging on the positive effect of community-led model for financial literacy through appropriate communication strategy, and, enhancing collaboration among various stakeholders.This NSFE for the period 2020-2025, the second one after the 2013-18 NSFE, has been prepared by the National Centre for Financial Education (NCFE) in consultation with all the Financial Sector Regulators (RBI, SEBI, IRDAI and PFRDA), DFS and other Ministries of Govt. of India and other stakeholders (DFIs, SROs, IBA, NPCI) under the aegis of the Technical Group on Financial Inclusion and Financial Literacy (TGFIFL) under the Chairmanship of Deputy Governor, RBI.The NSFE document has been approved by the FSDC-SC in its 24th meeting, held on June 18, 2020, the RBI said.“The NSFE: 2020-2025 intends to support the vision of the Government of India and the Financial Sector Regulators by empowering various sections of the population to develop adequate knowledge, skills, attitudes and behaviour which are needed to manage their money better and to plan for the future,” the statement added.The strategy recommends adoption of a multi-stakeholder approach to achieve financial well-being of Indians.To achieve the vision of creating a financially aware and empowered India, certain strategic objectives have been laid down including inculcating financial literacy concepts among various sections of the population through financial education to make it an important life skill, encouraging active savings behaviour and developing credit discipline.The strategic objective is also towards improving usage of digital financial services in a safe and secure manner; as well as bringing awareness about rights, duties and avenues for grievance redressal.The NSFE document was released by M.K. Jain, Deputy Governor, RBI on Thursday.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Tags: financial education in schoolsNational Strategy for Financial EducationNSFE 20125rbi
Juliet Woodard

Juliet Woodard

Next Post
Moto G9 Launching in India on August 24, Motorola Accidentally Reveals

Moto G9 Launching in India on August 24, Motorola Accidentally Reveals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Dutch unit sale’s proceeds to help cut debt: Tata Steel

Dutch unit sale’s proceeds to help cut debt: Tata Steel

November 18, 2020
SpiceJet to start flights connecting Nashik with Delhi, Bengaluru, Hyd

SpiceJet to start flights connecting Nashik with Delhi, Bengaluru, Hyd

November 7, 2020

Trending.

Brookfield to buy 18% of RMZ’s assets for $2 billion

Brookfield to buy 18% of RMZ’s assets for $2 billion

October 19, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Navigating Online Marketplaces? 12 Tips For Real Estate Newbies

Navigating Online Marketplaces? 12 Tips For Real Estate Newbies

January 13, 2021
Left slams RBI proposal to give banking licences to corporates

Left slams RBI proposal to give banking licences to corporates

November 24, 2020
Gold slips ₹ 248, silver declines ₹ 853

Gold slips ₹ 248, silver declines ₹ 853

November 21, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Best iPhone 7 deals Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Ten Home Design Trends Here To Stay For 2021

Ten Home Design Trends Here To Stay For 2021

January 16, 2021
Dwyane Wade And Gabrielle Union Bring Los Angeles Home Back To Market At $6 Million

Dwyane Wade And Gabrielle Union Bring Los Angeles Home Back To Market At $6 Million

January 15, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.