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Financial Education: Institutes of Higher Education as delivery channels


  • Singh, Ardhendu
  • Venkataramani, Bhama


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.

Suggested Citation

  • Singh, Ardhendu & Venkataramani, Bhama, 2012. "Financial Education: Institutes of Higher Education as delivery channels," MPRA Paper 43336, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:43336

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    References listed on IDEAS

    1. Bruce Ian Carlin & David T. Robinson, 2012. "What Does Financial Literacy Training Teach Us?," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 235-247, July.
    2. Annamaria Lusardi, 2008. "Financial Literacy: An Essential Tool for Informed Consumer Choice?," NFI Working Papers 2008-WP-13, Indiana State University, Scott College of Business, Networks Financial Institute.
    3. Shawn Cole & Thomas Sampson & Bilal Zia, 2011. "Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?," Journal of Finance, American Finance Association, vol. 66(6), pages 1933-1967, December.
    4. Lewis Mandell, 2006. "Financial Literacy: If It’s So Important, Why Isn’t It Improving?," NFI Policy Briefs 2006-PB-08, Indiana State University, Scott College of Business, Networks Financial Institute.
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    More about this item


    Financial Education; Higher education Institutes; Financial Inclusion;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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