The National Centre for Financial Education (NCFE), comprising representatives from all financial sector regulators i.e. Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA) and National Institute of Securities Markets (NISM), has been set up to implement National Strategy for Financial Education (NSFE), under the guidance of a Technical Group on Financial Inclusion and Financial Literacy of the Financial Stability and Development Council (FSDC), which would cater to all sections of the population in the country.
The main role of NCFE is to create financial education materials and conduct financial education campaigns across the country for all sections of the population along with awareness campaigns at different levels for existing and potential customers so as to improve their knowledge, understanding, skills and competence.
Vision – Financially Aware and Empowered India
Mission – To undertake massive Financial Education campaign to help people manage money more effectively to achieve financial well being by accessing appropriate financial products and services through regulated entities with fair and transparent machinery for consumer protection and grievance redressal.
A core committee chaired by Director, NISM and with representatives from all financial sector regulators and education boards gives guidance to the NCFE in various activities pertaining to implementation of the NSFE. The following are the list of members of the core committee as on date.
- Shri Sandip Ghose, Director, NISM
- Shri G. P. Garg, Registrar, NISM and Head, NCFE
- Shri N. Hariharan, CGM, SEBI
- Ms. Mamta Rohit, CGM, PFRDA
- Shri K. Srinivasan, Deputy General Manager, RBI
- Ms. Anita Josyula, Deputy General Manager,IRDAI
- Dr. Shipra Vaidya, Professor of Commerce, NCERT
- Shri Ajay Mishra, Deputy Secretary, CBSE
- Ms. Poonam Sodhi, Deputy Secretary, CISCE