•  For low/moderate-income underserved consumers, most programmes offer advice on general money and credit management; whereas others have a specific goal or are embedded in schemes to encourage savings, asset-building and homeownership. These initiatives aim to build economic empowerment and increase long-term self-sufficiency in order to revitalize and stabilize disadvantaged communities.
Indian context Financial education has an ever more critical role to play in the changed financial landscape of the country which, while on one hand has presented with newer opportunities for future collective growth, on the other, it has also heightened fears of uncertainty in certain quarters mainly because of increasing multi-faceted choices and options in the management of personal finances and exposure to a gamut of risks.