Financial Education Advocacy Projects Across India

Initiative to Make Financial Education a Core Subject | #MakeFinEdCore

Lifting Financial Education to Foundational Subject Status – Same Priority, Rigor, and Standards as Core Subjects

The National Financial Educators Council collaborates with educators, institutions, government leaders, and community organizations throughout India and around the world to advance stronger financial education ecosystems. Our mission centers on elevating financial education from a supplemental topic to a recognized academic priority – one supported by clear standards, best-quality instruction, and broad accessibility for learners of all backgrounds.

For generations, financial education has remained on the margins of formal schooling. While subjects such as mathematics, science, and language arts benefit from structured frameworks, credentialed instructors, and measurable outcomes, personal finance education has often been inconsistent or overlooked. Across many education systems in India and globally, students receive little preparation for the financial realities they will encounter, despite the fact that early choices involving higher education, employment, borrowing, budgeting, and saving can shape their economic well-being for decades.

We believe financial education deserves a far greater role in academic learning. Preparing students to navigate real-world financial decisions is not optional – it is fundamental to long-term success and stability. Financial education should be recognized as a core subject, supported by rigorous standards, qualified educators, and meaningful accountability. Every student in India deserves the opportunity to leave school with the confidence, knowledge, and practical skills they need to make informed financial choices throughout life.

Our Position

Financial education is essential. It is as important as any core subject and should be held to the same academic standards. Every student in India should leave school equipped to make informed, real world financial decisions that influence both their immediate circumstances and their long term future.

#MakeFinEdCore Campaign Objectives

Increasing Access to Financial Education

Growing enthusiasm for financial learning is evident across India, yet many people still lack steady, high‑quality opportunities to build essential money skills.

The NFEC works to broaden reach by partnering with educators, schools, community groups, employers, and policymakers to deliver financial education programs that serve diverse audiences. These initiatives emphasize expanding availability in classrooms, workplaces, and local communities – especially for young people and underserved populations.
By widening access to strong financial education, the aim is to help more individuals gain the knowledge, confidence, and systems required to strengthen their long‑term financial stability.

Expanding Access

Raising Financial Education Standards

Achieving meaningful results requires more than scattered lessons or temporary initiatives. High‑quality financial education must rely on structured curriculum, skilled instructors, research‑based teaching methods, and measurable outcomes.

The NFEC promotes stronger professional and instructional benchmarks that position financial education alongside other academic fields. This includes advancing educator preparation and certification, competency‑driven curriculum development, performance‑focused learning experiences, and evaluation systems that track real‑world financial progress.

Higher Standards

Join the Effort to Make Financial Education a Core Subject

Real change happens when people come together around a clear and important goal. The Make Financial Education a Core Subject campaign provides a unified vision for improving financial education in schools.

Whether you are an educator, parent, student, policymaker, or advocate, your voice matters. By supporting this initiative, you help send a powerful message: financial education is not optional – it is essential.

Sign the petition today and join the movement to Make Financial Education a Core Subject.

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Financial Literacy Week (FLW)

Lead organization: Reserve Bank of India

Description:
Financial Literacy Week is a nationwide awareness campaign launched by the Reserve Bank of India to improve public understanding of banking, digital payments, fraud prevention, savings, borrowing, and consumer protection. Conducted annually with a specific theme, the initiative mobilizes banks, financial literacy centers, schools, and community organizations to deliver workshops, outreach events, and public messaging on safe financial practices.

National Strategy for Financial Education (NSFE 2020–2025)

Lead organization: National Centre for Financial Education in collaboration with Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, and Pension Fund Regulatory and Development Authority

Description:
The National Strategy for Financial Education serves as India’s overarching financial literacy advocacy framework. It promotes a “5C” approach – content, capacity, community, communication, and collaboration – to expand financial education through schools, colleges, workplaces, digital channels, and community outreach. The strategy advocates for stronger integration of financial education into formal and informal learning systems.

National Financial Education Campaigns (NCFE Outreach Programs)

Lead organization: National Centre for Financial Education

Description:
NCFE coordinates large-scale financial education campaigns across India through workshops, seminars, school programs, teacher training, and digital outreach. Programs target students, women, adults, self-help groups, and underserved communities, supporting the broader goal of financial inclusion and consumer empowerment.

National Financial Literacy Assessment Test (NFLAT)

Lead organization: National Centre for Financial Education

Description:

NFLAT is a nationwide financial literacy advocacy and assessment campaign aimed at school students. One of the world’s largest free financial literacy tests for youth, the initiative promotes financial awareness in schools while encouraging students to build foundational money management skills related to saving, budgeting, banking, insurance, and investing.

Financial Education Training Program (FETP)

Lead organization: National Centre for Financial Education with support from school systems and educators

Description:
FETP is a teacher-focused advocacy initiative designed to strengthen financial education delivery in schools. The program trains teachers of middle and secondary school students to integrate financial literacy concepts into classroom instruction and improve financial capability outcomes among youth.

Financial Education Program for Adults (FEPA)

Lead organization: National Centre for Financial Education

Description:
FEPA is a national financial literacy campaign targeting adults, particularly underserved populations. The initiative delivers practical financial education on budgeting, debt management, insurance, retirement planning, digital payments, and fraud prevention to help improve long-term financial wellbeing and inclusion.

Money Smart School Program (MSSP)

Lead organization: National Centre for Financial Education in collaboration with schools

Description:
The Money Smart School Program encourages schools to adopt structured financial literacy activities and student engagement initiatives. The campaign promotes hands-on financial learning through school-based projects, awareness drives, and financial education activities aligned with age-appropriate competencies.

OECD/INFE and India Financial Education Collaboration

Lead organization: Organisation for Economic Co-operation and Development with Indian financial regulators and policymakers

Description:
India participates in international financial literacy and capability initiatives through OECD/INFE collaboration, contributing to financial education policy development, measurement, and advocacy. These efforts support national campaigns and standards for improving financial capability and inclusion across populations.