FETP presentation introduction
The document outlines a financial education training program in India created by the National Centre for Financial Education. The National Strategy for Financial Education was formulated to promote financial inclusion, freedom from exploitation, avoidance of fraud and overindebtedness, and inclusive growth. The National Centre for Financial Education implements this strategy and aims to undertake massive financial education campaigns to help people better manage their money and access appropriate financial products and services through regulated entities with consumer protections. It has an organizational structure headed by the Financial Stability and Development Council and includes various government ministries and financial sector regulators. The Centre conducts various activities to promote financial literacy such as training programs for teachers and youth, financial education materials on its website, surveys on financial literacy and inclusion, and
FETP presentation introduction
- 1. A Section 8 (Not for Profit) Company FINANCIAL EDUCATION TRAINING PROGRAM Creating a financially aware and empowered India.
- 2. National Strategy for Financial Education (NSFE) The formulation and implementation of the strategy can be attributed to the following reasons: 1. Financial inclusion 2. Freedom from exploitation 3. Avoidance of frauds and mis-selling 4. Avoidance of over indebtedness 5. Promoting entrepreneurship 6. Positive spillover effects 7. Inclusive growth, etc. Read the complete strategy at www.ncfeindia.org 2
- 3. National Centre for Financial Education (NCFE) The NCFE, comprising representatives from all financial sector regulators i.e. RBI, SEBI, IRDAI and PFRDA is set up at NISM under guidance of the Technical Group on Financial Inclusion and Financial Literacy of the Financial Stability and Development Council (FSDC) to implement the National Strategy for Financial Education (NSFE). VISION A financially aware and empowered India. MISSION To undertake massive Financial Education campaign to help people manage money more effectively to achieve financial well being by accessing appropriate financial products and services through regulated entities with fair and transparent machinery for consumer protection and grievance redressal. More info on NCFE and its activites at www.ncfeindia.org 3
- 4. Organizational Structure FSDC Sub Committee of FSDC Technical Group on Financial Inclusion and Financial Literacy MOF MHRD CBSE CISCE NCERT SCERTs Other Ministries RBI SEBI IRDAI PFRDA National Centre for Financial Education (NCFE) 4
- 5. Few of our activities FETP Training program for school teachers FACT Financial literacy for youths WEBSITE Financial education materials Survey Financial literacy & Inclusion MSSP Money Smart School program NFLAT Financial literacy test for schools students held across the country. Short term courses NCFE Social E-LEARNIG Read more at www.ncfeindia.org 5
- 6. 20% of Indians are financially literate 6
- 7. Sessions! DAY 1 1. Core concepts of financial literacy 2. Indian financial system 3. Banking – Saving, transaction and borrowing products 4. Investment – Securities market and pension products DAY 2 5. Insurance – Protection related products 6. Grievance redressal mechanism for consumers 7. Various financial inclusion schemes 8. Overview of financial planning and Inclusion of Financial Literacy in School Curriculum 7