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National Strategy for Financial Education (NSFE): 2020-2025 released

  • IASbaba
  • August 25, 2020
  • 0
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National Strategy for Financial Education (NSFE): 2020-2025 released

Part of: GS-Prelims and GS-II – Education; GS-III – RBI

In News:

  • The National Strategy for Financial Education (NSFE): 2020-2025 document was released. 
  • Released by: RBI.

Key takeaways 

  • This NSFE is the second one after the 2013-18 NSFE.
  • Prepared by: The National Centre for Financial Education (NCFE) 
  • Consultation by
    • All the Financial Sector Regulators (RBI, SEBI, IRDAI and PFRDA), 
    • Various Indian Central Ministries
    • Stakeholders under the aegis of the Technical Group on Financial Inclusion and Financial Literacy
  • Recommendations
    • Development of relevant content in curriculum in schools, colleges and training establishments
    • Developing capacity among intermediaries involved in providing financial services
    • Leveraging the positive effect of community-led model for financial literacy through appropriate communication strategy
    • Enhancing collaboration among various stakeholders

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