Only 27% of Indian adults and 24% of women meet the minimum level of financial literacy [Reserve Bank of India]
There are 9 major regional languages, each used by 30 million plus users
Out of India’s 1.4 billion people, around one third have Hindi as the mother tongue
10% improvement in financial literacy and inclusion can create wonders in the GDP and economy
It focuses on multiple aspects such as financial literacy, savings behavior, participation in financial markets, credit discipline, digital financial services and security, various financial product offerings etc. The project is envisaged to be developed and implemented with a holistic approach, along with the support from multiple stakeholders including the Government of India, State Governments, Local Bodies, Corporates and various Banking & Financial Institutions.
The financial literacy, awareness, and knowledge will dramatically improve the Indian economy and quality of life of the people. Even 10% improvement in financial literacy and inclusion can create significant growth in the economy especially in terms of the growth of GDP.