An Overview Of Financial Literacy Initiatives In India

Authors

  • CMA Shameem Memon Assistant Professor V.M. Salgaocar Institute of International Hospitality Education, Margao
  • CMA (Dr.) Makarand Raghunath Sakhalkar Professor & Head of the Department (Accountancy) R. P. Gogate College of Arts and Science and R V Jogalekar College of Commerce, Ratnagiri

DOI:

https://doi.org/10.33516/maj.v58i8.81-86p

Abstract

Financial literacy is a lifelong skill that becomes the foundation of one’s relationship with money. The fact that India continues to be placed lower in the surveys undertaken by international organizations like the OECD, VISA, Master Cards, etc. at different time intervals is regrettable and in no way encouraging, as India is home to Asia’s oldest and tenth-largest stock exchange. Indian Government has already launched various financial literacy initiatives targeting many groups including teachers. This study covers the overview of financial literacy initiatives by the National Centre for Financial Education (NCFE). An attempt is made to examine the awareness among the teachers about the various financial initiatives by NCFE in India. Although the survey results are not particularly positive, there is still much potential to raise the awareness of the financial efforts among teachers in order to achieve their primary purpose.

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Published

2023-08-30

How to Cite

Memon, C. S., & Sakhalkar, C. (Dr.) M. R. (2023). An Overview Of Financial Literacy Initiatives In India. The Management Accountant Journal, 58(8), 81–86. https://doi.org/10.33516/maj.v58i8.81-86p

Issue

Volume 58, Issue 8, August 2023

Section

Financial Literacy
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Europe PMC

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