New Delhi, 14th November 2022: Today (November 14), RBI Executive Director Anil Kumar Sharma at an event informed that the Reserve Bank of India (RBI), in collaboration with other regulators, has prepared a financial literacy program for the Board of School Education. Barring three states, all others have agreed to include it in their school syllabus.
He said, “If we can incorporate basic financial literacy in school education, it will be very good for the expansion of financial literacy in the country. Except three states, others have agreed to make this financial literacy program a part of the school. The program has been prepared after consultation with all financial regulators.”
Sharma said that whenever the syllabus is revised, the Board of School Education will include this literacy programme. This course has been specially designed keeping in mind the students of class VI to X.
Along with this, he said that the central bank is reviewing the entire structure of the Banking Representative (BC) as the system has not worked as expected.
During this, the role of BC and the issues related to the services provided by them are being looked into.
BC was conceptualized with the aim of bringing financial literacy to the last man of the society. However, he said that the objective has not been achieved due to regulatory restrictions and operational bottlenecks.