Financial sector regulators, including RBI and Sebi, today proposed a nationwide survey for assessing financial inclusion and literacy in the country and educate 500 million adults, besides providing financial education to school children. The draft 'National Strategy for Financial Education' seeks to "create a financially aware and empowered India" and convert savers into investors. It pitches for a five-year action plan for financial literacy with initial focus on four sectors - banking, securities market, insurance and retirement planning..........
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