NDLI: Common Service Center's Innovative Delivery of Financial Literacy and Investor Awareness

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Common Service Center's Innovative Delivery of Financial Literacy and Investor Awareness

Content Provider	ACM Digital Library
Author	Patankar, Rishikesh Tyagi, Dinesh Guria, Lay Smrity
Abstract	For a country which is developing and is looking to achieve sustainable development, it is important that every individual understands the aspects of savings and investment. Financial Literacy integrated with investor awareness is one aspect which helps individuals to manage their finances and the improve standard of living which results in the growth of the country's economy. In the present scenario investing money has become a complex task because of the presence of a large number of savings and investment options. Most of the citizens, particularly from rural locations are found unaware about investment avenues, rules and regulations. As a result of this, in spite of remarkable growth in Indian economy and increase in income level, the saving per capita is found to be lower. Technology is one of the key aspects through which a large number of people especially from rural India could be connected and made aware. Common Service Centers (CSCs) functions are delivery points for government and public services for the rural population at their doorstep. To make the rural citizens aware about the concept of investment, Financial Literacy, and Investor Awareness Programs were initiated through CSCs in collaboration with Ministry of Corporate Affairs (MCA). This paper presents best practices and operations plan for a pan-India rural approach to deliver Financial Literacy and Investor Awareness Programs for masses through innovative technology. The paper also analyses state wise behavior pattern on investments in financial literacy. The paper ends with outcomes of impact analysis and conclusion.
Starting Page	27
Ending Page	33
Page Count	7
File Format	PDF
ISBN	9781450349307
DOI	10.1145/3055219.3055230
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2017-03-07
Publisher Place	New York
Access Restriction	Subscribed
Subject Keyword	Financial literacy Rural Village level entrepreneur Information communicating technology Common services center Online monitoring application Investment Investor awareness
Content Type	Text
Resource Type	Article

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