Financial Literacy

DASHBOARD

Workshop
Workshop Conducted
16,959
Beneficieries Covered
595,353
Male Participants
208,373
Female Participants
386,980
Special Focused Districts
Workshops Conducted
12,738
Beneficieries Covered
430,868
ELMS
Total Registrations
23,763
NFLAT
Total Schools Registered
2,485
Total Students Registered
300,553
MSSP
MSSP Conducted
60
Students Reached
38,140
Workshop Data
ELMS
NFLAT
Reach through Social Media & Website
Workshop Data
Note : The data presented covers the period from to
State-wise Outreach of Workshops
India
Total Workshops Conducted
Total Beneficiaries Covered
Workshop Target Group
Gender Wise Beneficiaries Covered
Year wise Workshops Conducted
Workshop Conducted in SFDs
Note : The data presented covers the period from to
ELMS
Note : The data presented covers the period from to
Total Registration
India
Total Registrations
Year Wise Registrations
Note : The data presented covers the period from to
NFLAT
Note : The data presented covers the period from to
School & Student Registrations
India
Total School Registered
Total Student Registered
Category Wise Registrations

Standard Wise Registrations
School Board Wise Registrations
Year Wise Registrations
Note : The data presented covers the period from to
Reach through Social Media & Website
Note : The data presented covers the period from to
Reach through Social Media
Reach through Website
Note : The data presented covers the period from to

Financial Literacy Initiative undertaken by Reserve Bank of India (RBI)

Basic Financial Education

RBI has prescribed the following content for basic financial education: Financial Literacy guide, Financial Diary and set of 16 posters prepared by RBI Special camps booklet prepared by NCFE for people newly inducted into the financial system which captures the fundamental tenets of financial wellbeing such as savings, borrowings, concept of interest and compounding, time value of money, inflation, relation between risk and rewards etc.

Sector Focused Financial Education

The content covers relevant topics in the banking sector such as ATMs, payment systems such as NEFT, UPI, USSD, awareness about sachet portal, keeping away from Ponzi schemes, fictitious emails/calls, KYC, Exercising Credit Discipline, Business Correspondents etc. A Financial Awareness Messages (FAME) booklet comprising of 20 messages for the general public and five Posters on financial literacy for the Financial Literacy Week have been made available on the Financial Education webpage of RBI’s website.

Sector Focused Financial Education

The content covers relevant topics in the banking sector such as ATMs, payment systems such as NEFT, UPI, USSD, awareness about sachet portal, keeping away from Ponzi schemes, fictitious emails/calls, KYC, Exercising Credit Discipline, Business Correspondents etc. A Financial Awareness Messages (FAME) booklet comprising of 20 messages for the general public and five Posters on financial literacy for the Financial Literacy Week have been made available on the Financial Education webpage of RBI’s website.

Sector Focused Financial Education

The content covers relevant topics in the banking sector such as ATMs, payment systems such as NEFT, UPI, USSD, awareness about sachet portal, keeping away from Ponzi schemes, fictitious emails/calls, KYC, Exercising Credit Discipline, Business Correspondents etc. A Financial Awareness Messages (FAME) booklet comprising of 20 messages for the general public and five Posters on financial literacy for the Financial Literacy Week have been made available on the Financial Education webpage of RBI’s website.

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Knowledge Center

Financial Literacy Initiative undertaken by Insurance Regulatory and Development Authority of India (IRDAI)

Since its inception, IRDAI has taken various initiatives in the area of financial literacy. A snapshot of the major initiatives undertaken are as under:

Content Development

RA Brochure was prepared giving a bird’s eye view of IRDAI and its functions has been prepared besides a documentary film on Policyholder Initiatives carried out by IRDAI. Further, ‘Policyholder Handbook’ as well as a comic book series in 12 vernacular languages on insurance has been developed. Further, animation film of the messages in the Comic Book Series and virtual tour in 12 vernacular languages were made. In addition to the above, handbooks on Insurance covering topics like employment opportunities in the Insurance sector, details about Crop Insurance, right buying etc. were launched.

Mandating Board Approved Policy for Insurers

Insurers are mandated to have Board approved Insurance Awareness Policy with action plan for organizing various activities promoting consumer awareness on various aspects of insurance.

Undertaking Seminar and Quiz Programme

Conducting Quiz competition for insurance intermediaries/insurers as participants. Organizing seminars on Policyholder protection and Welfare besides sponsoring seminars conducted by Consumer Bodies and NGOs in rural, semi-urban areas

Undertaking Awareness Campaigns for Public through various channels:
  • Television and Radio: Awareness programmes on television and radio on messages about the rights and duties of policyholders, channels available for dispute redressal have been undertaken. Pan-India campaign against spurious callers through TV Commercials and Radio jingles on the utility and benefits of various forms of insurance in five regional languages aired through All India Radio, FM Radio and 144 private FM channels
  • Print Media: Sustained campaigns in English, Hindi and 11 other Indian languages undertaken including cautioning the general public about the spurious callers and fictitious offers
  • Website: Launching a dedicated website for consumer education in insurance to reach out to the policyholders more effectively. A Hindi version of the website was also launched to increase its reach. New Insurance material viz. Introduction to Insurance; Employment opportunities in Insurance Sector targeting students; Crop Insurance for the benefit of farmers and Handbook on Insurance with FAQs on right buying & generic aspects of insurance added from time to time. ‘Young Corner’- an interactive six game featurette was launched on the Policyholders website.
  • Social Media Campaigns: Leveraging Social Media viz. YouTube, Facebook and Twitter for dissemination of financial education by uploading relevant messages
  • Metro Rail: Undertaking Insurance Awareness Campaigns in metro rails in various cities like New Delhi, Hyderabad etc.
  • Sponsoring Pan India Insurance Awareness Campaign on Motor, Health, Rural and Property Insurance by General Insurance Council.
Grievance Redressal

Setting up of Integrated Grievance Management System (IGMS) to create a central repository of grievances across the country and provides for various analyses of data indicative of areas of concern to the insurance policyholder.

Undertaking Survey and Sponsoring Research
  • Conducting a pan India survey on awareness levels about insurance through the National Council of Applied Economic Research (NCAER) in a bid to improve on its strategy of creating insurance awareness. A post launch survey was also done to gauge the efficacy of the campaigns of IRDAI in increasing insurance penetration and awareness.
  • Launching a Research Grant Scheme to have research and analysis to protect interest of policy holders
Quiz
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Knowledge Center

The quiz consist of questions carefully designed to help you self-assess your comprehension of the information presented on the topics covered in the module.

Click here to attempt Quiz