NATIONAL STRATEGY FOR FINANCIAL EDUCATION (NSFE): 2020-2025

About:

• This NSFE for the period 2020-2025 is the second one after the 2013-18 NSFE.
  
  
• It 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 under the aegis of the Technical Group on Financial Inclusion and Financial Literacy under the Chairmanship of Deputy Governor, RBI.
  
  
• The document has been approved by the FSDC-SC in its 24th meeting, held on June 2020.
  
  
• It 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 intermediaries involved in providing financial services,
    
    
  • leveraging the positive effect of community-led model for financial literacy through appropriate communication strategy, and,
    
    
  • enhancing collaboration among various stakeholders.