Therefore, we have ensured that our supply side initiatives are ably supported by initiatives on the demand side. Our idea is to include financial education in the school  BIS central bankers’ speeches  7  curriculum so as to educate children about the benefits of banks and banking services.
In this direction, the Technical Group of the FSDC has already come out with a National Strategy on Financial Education, which has been approved by the FSDC. 33. RBI has advised banks to set up Financial Literacy Centres (FLCs) across the country. Banks have so far set up around 896 FLCs as of December 2013.