Financial Education: Institutes of Higher Education as delivery channels

Ardhendu Singh and Bhama Venkataramani

MPRA Paper from University Library of Munich, Germany

Abstract: The significance of financial education as a transformation agent in the financial inclusion agenda of the nation is undisputed in academic as well as practitioner’s circle. This paper discusses its impact on the financial well being of the people and further highlights the steps taken by various stakeholders to provide financial education with an objective of increasing the understanding of consumers about financial services. Even so, these interventions have got result which is less than desired. Given the gigantic task of providing financial education to a large section of a populous country like India, there is a need for committed participation of each stakeholder and a sustainable action plan in place. Through this paper, the authors argue that engaging institutes of higher education in the financial education drive will be a sustainable and cost effective strategy.

Keywords: Financial Education; Higher education Institutes; Financial Inclusion (search for similar items in EconPapers)
JEL-codes: D02 G2 I22 (search for similar items in EconPapers)
Date: 2012-11-28
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