Financial literacy initiatives in India pave the way for poverty reduction.
Financial inclusion in India means making banking services available to low-income groups. To achieve this, people need to be financially literate. Recent initiatives in India focus on improving financial literacy to promote financial inclusion and reduce poverty. Banks are working towards 100% financial inclusion, but more education is needed for rural communities to understand the benefits of banking services. By providing basic financial education, NGOs and other organizations can help rural poor access and benefit from financial products and services.