The Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. The central bank said the multi-stakeholder led approach is aimed at creating a financially aware and empowered India.

To achieve the vision of creating a #financially aware and empowered #India, the #ReserveBank on Thursday released the 'Second National Strategy for Financial Education (NSFE) for the period 2020-2025.@RBI pic.twitter.com/7v3l46EFVP

— IANS Tweets (@ians_india) August 20, 2020

The strategic objectives include inculcating financial literacy concepts among various sections of the population through financial education to make them an important life skill. Besides encouraging active savings behaviour, it will encourage participation in financial markets to meet financial goals and objectives.