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INITIATIVES TAKEN SO FAR ON FINANCIAL LITERACY IN INDIA

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RBI’s Initiatives

RBI has undertaken a project titled “Project Financial Literacy”. The objective of this project is to disseminate information regarding the central bank and general banking concepts to various target groups like school and college students, women, rural and urban poor, defense personnel and senior citizens. 

This project has been implemented in two modules, one module focusing on the economy, RBI and its activities, and the other module on general banking. The material is created in English and other vernacular languages. 

SEBI’s Initiatives

SEBI has started a nationwide financial education campaign to impart financial education to various target groups like school and college student, working executives, home makers, retired personnel, self help group etc.

Investor education programmes are conducted by SEBI through investor associations all over the country. Regional seminars are conducted by SEBI through various stakeholders viz. Stock Exchanges, Depositories, Mutual Funds Association of Merchant Bankers etc. 

Ministry of Corporate Affairs (MCA) Initiatives  Ministry of Corporate Affairs (MCA) has a dedicated approach for empowering investors through education and awareness building. 

MCA on 27th September, 2007 launched a website www.iepf.gov.in. It provides information about IEPF and the various activities that have been undertaken/funded by it. This website provides information on various aspects such as role of capital market, IPO investing, Mutual Fund Investing, Stock Investing, Stock Trading, Depository Account, Debt Market, Derivatives, Indices, Indices (comic strip), Index Fund, Investor Grievance & Arbitration (Stock Exchanges), Investor Rights & Obligations, Do‟s and Don‟ts etc. 

Ministry of Corporate Affairs has taken various initiatives to educate investors, particularly, since 2001, the Investor Education and Protection Fund (IEPF) has been working for educating the investors and for creating greater awareness about investments in the corporate sector. 

The Institute of Company Secretaries of India (ICSI) is organizing Investor Awareness Programmes under IEPF since 2005 and has organized more than 1700 Investor Awareness Programmes. 

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