INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The topic of Financial literacy has become more important to an individual, government agencies, organization and to many more. Financial literacy can help people develop strong personal financial management skills, enhancing them to hand stressful financial situations successfully. Without educating the populace about money, the dream of making India a cashless and digital economy can never come true. 76% of adults in India are financially ignorant, according to Standard & Poor's global survey. Given this, it is crucial for the government to intervene in enough situations to provide individuals with financial education. This paper covers programs or various initiatives taken by various regulators of India which emphasis more on increasing financial literacy and financial education. It aims to investigate the current state of financial education in India, the numerous financial literacy programs launched by various regulatory bodies and degree to which these programs have been successful in promoting financial awareness. The paper focuses on secondary data. It attempts to conclude on several policy changes which have been recommended for the effective implementation to increase the financial literacy among people.
Keywords:
Financial literacy, Financial education, Financial regulators, Financial market, Digital economy
Cite Article:
"Financial Literacy and Education: Current Scenario of Various Regulators of India.", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 5, page no.h731-h737, May-2023, Available :http://www.ijnrd.org/papers/IJNRD2305793.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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