Financial Literacy Week 2024

Financial Literacy Week 2024 mind map
Recent News:
Theme: Make a Right Start - Become Financially Smart
Objective:
Increase awareness:
On financial discipline
Saving
Budgeting
Power of compounding
Banking essentials
Cyber hygiene
Financial Literacy Ideathon:
Aim: Solicit innovative ideas
Participants: Postgraduate students
Focus: Strategies to propagate financial literacy among youth
When:
Date: February 26th to March 1st, 2024
Why:
To promote financial literacy
Align with National Strategy for Financial Education 2020-2025
What
Activities:
Online mode:
Financial Literacy Quiz for School Students:
Date: February 26th to March 1st, 2024
Participants: Class 6th to 12th
Prizes: Worth up to ₹2.5 lakh
Certificates for all participants
Capacity Building Programmes:
Topics:
Insure Your Tomorrow
Banking Essentials
Invest Wisely
Retirement Readiness
Digital Wellbeing
Speakers from:
RBI
SEBI
IRDAI
PFRDA
NPCI
Digital Financial Services Day:
Date: March 1st, 2024
Indian context:
Conducted by:
National Centre for Financial Education (NCFE)
In coordination with:
RBI
SEBI
IRDAI
PFRDA
Where:
India
Who:
Organizers:
Reserve Bank of India (RBI)
National Centre for Financial Education (NCFE)
Participants:
School students
Postgraduate students
Speakers:
From RBI, SEBI, IRDAI, PFRDA, NPCI
How:
Through online activities:
Quiz
Webinars
Capacity Building Programmes
Significance:
Enhances financial literacy among youth
Encourages informed financial decisions
Challenges:
Accessibility and reach to remote areas
Way Forward:
Increase participation through schools and colleges
Utilize digital platforms for wider outreach

Financial Literacy Week (FLW) 2024 is a significant initiative aimed at enhancing financial literacy across India, especially among the youth. Scheduled from February 26th to March 1st, 2024, under the theme “Make a Right Start – Become Financially Smart,” FLW focuses on promoting essential financial skills such as saving, budgeting, understanding the power of compounding, banking essentials, and cyber hygiene. The week includes a variety of activities conducted online, including a financial literacy quiz for school students, capacity building programs with experts from financial regulatory bodies, and the observation of Digital Financial Services Day. Organized by the National Centre for Financial Education (NCFE) in coordination with India’s leading financial sector regulators, FLW aims to empower young Indians with the knowledge and skills needed for sound financial decisions, ultimately striving for a financially aware and empowered India.

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