National Strategy for Financial Education

Understanding the need for financial education, the Government of India released a National Strategy for Financial Education (NSFE) with adolescents as a key segment that must be included in financialliteracy projects on a high-priority basis. Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, is another initiative of the government that propagates financial literacy as well as inclusion by linking poor and marginalized communities with the banking sector.