A STUDY OF FINANCIAL LITERACY INITIATIVES IN INDIA

The financial service sector in India has undergone significant changes in the last few years and the sector
has been ever widening. There is a necessity to increase the size of banking and financial sectors to ensure
that the benefits of these developments reach the general public. Financial inclusion is a National priority of
Government of India and the Financial Sector Regulators ie. RBI, IRDAI, SEBI, and PFRDA for inclusive
growth. In india, financial inclusion is the process of ensuring access to common financial products and
services needed by weaker sections and low-income groups at an affordable cost in a fair and transparent
manner by important institutional players. Financial inclusion provides an avenue to the poor for integrating
with the formal financial system which is possible through financial literacy and education.