RBI Executive Director Anil Kumar Sharma said on Monday that the Reserve Bank of India, along with other regulators, has prepared a financial literacy program for school education boards. School education boards will incorporate this literacy program whenever the curriculum is revised.
New Delhi. The Reserve Bank of India (RBI) along with other regulators has prepared a financial literacy program for school education boards. Except three states, all others have agreed to place it in their school curriculum. RBI Executive Director Anil Kumar Sharma gave this information in a program here on Monday.
“If we can incorporate basic financial literacy in school education, it will be good enough to spread financial literacy in the country,” he said. Sharma said there are three ways to make this financial literacy program a part of the school curriculum. Except the states, others have given their consent. He said that this program has been prepared after consultation with all the financial regulators.
Syllabus will be implemented in schools soon
Sharma while addressing the ‘Sa-Dhan National Financial Inclusion Conference 2022’ said, “Whenever the curriculum is revised, the school education board will include this literacy program.” This course has been specially designed keeping in mind the students of classes VI to X.
Along with this, he said that the central bank is reviewing the entire structure of Banking Correspondent (BC) as this system has not worked as expected. During this, common points related to the role of BC and the services provided by them are being looked into.
BC was conceptualized with the objective of providing financial literacy to the last man of the society. However, he added that this objective could not be achieved due to regulatory restrictions and operational constraints.
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