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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