This forms part of the Global Economy Concerns and the G20 Framework for Strong, Sustainable and Balanced Growth. The World Savings Bank Institute, 2010 has recognized Financial access as a “key accelerator” to meet the Millennium Development Goals. We have discussed that Financial education is the process of building knowledge, skills and attitudes leading to become financially literate.
Financial Education introduces people to good money management practices with respect to earning, spending, saving, borrowing, and investing. The role of financial education is to enable people to determine their financial goals and shift from reactive to proactive decision-making and work towards fulfilling these goals.