Financial inclusion is a top priority for government

According to the Union Minister Anurag Singh Thakur statement, financial inclusion is a top priority for the government and that promoting financial education would help in realising the collective potential.

Daily Current Affairs Quiz 2021

He was speaking at a virtual event to launch six modules of short films of Investor Education & Protection Fund Authority (IEPFA) titled ‘Hisaab Ki Kitaab’.

IEPFA comes under the corporate affairs ministry. The mandate of IEPFA is to build investor awareness among various stakeholders in the rural and urban areas.

Due to the digital global community, the urban-rural divide in India is blurring. Yet the behaviour change in the rural populace with respect to investment and long term financial planning needs to be triggered.

There are 6 short films/ modules of 5 minutes duration each highlighting the importance of budget, saving, importance of Insurance schemes, various social security schemes of the government etc. thus promoting Financial literacy.