National Strategy for Financial Education (NSFE): 15. The NSFE has been prepared under the aegis of a Technical Group of the Financial Stability Development Council (FSDC).
The NSFE will be implemented in a timeframe of five years and aims to establish initial contact with 500 million adults and educate them on key savings, protection and investment-related products so that they are empowered to take prudent financial decisions. It also seeks to create awareness about consumer protection and the grievance redressal mechanisms available in the country.