India

GMW national coordinator: Securities and Exchange Board of India (SEBI) Participating organisations: Reserve Bank of India (RBI), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority of India (IRDAI), National Centre for Financial Education (NCFE), National Institute of Securities Market (NISM), Children International SAHAY, BSE Ltd., National Stock Exchange of India Ltd. (NSE), Metropolitan Stock Exchange of India Ltd. (MSE), National Securities Depository Ltd. (NSDL), Central Depository Services (India) Ltd. (CDSL), Multi Commodity Exchange of India Ltd. (MCX), National Commodity & Derivatives Exchange Ltd. (NCDEX) Total number of participating organisations: 15 Number of children and young people reached directly: 89,300 Number of adults reached directly: 1,761,100 Number of people reached indirectly: 300

The Securities and Exchange Board of India (SEBI) was the national coordinator for Global Money Week 2022 in India. The celebrations included participation of the MIIs and other financial market regulators such as Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund and Regulatory Development Authority (PFRDA). Other organisations like National Centre for Financial Education (NCFE) and National Institute of Securities Market (NISM) participated in the campaign. GMW2022 in India followed the campaign theme of “Build your future, be smart about money” and the slogan “Learn. Save. Earn.”

Due to the outbreak of COVID-19, most of the GMW initiatives were held virtually, but in-person activities were also planned. The objective of GMW2022 in India was to create financial awareness among the young people and help them acquire the knowledge, skills, attitude and behaviours necessary to make sound financial decisions that would ultimately help them achieve financial well-being.

During the campaign, a series of financial education activities were undertaken. Awareness was created about the basic concepts of financial education and educating children and youth about the financial markets. The importance of financial education was also explained to the people in a special message by the Chairperson of SEBI. This message was also published on the SEBI website and on SEBI’s investor website.

Bilingual digital banners about celebration of GMW were exhibited in all offices of SEBI, displayed on the websites of participating organisations and during different awareness programmes conducted during the week. Digital ticker about GMW ran on the SEBI official website, the investor website, on the websites of NCFE and other participating organisations. Digital microsite was developed and run on the SEBI investor website for the visitors to have access at one place about all the information related to celebrations of GMW2022 in India.

As a part of the celebration, a two-day Principal’s Conclave was also organised by SEBI with NCFE and NISM as the knowledge partners. This Conclave was attended by senior dignitaries of SEBI, NISM and NCFE, and representatives from different educational institutions across the country.

In addition, quiz and essay writing contests were organised for students and youth. The week witnessed awareness programmes for different target groups like students, youth, women, teachers, etc.

SAHAY continued enhancing conversations with children and young people around money issues, so that they can feel confident with their skills and knowledge about managing financial matters. Based on the GMW2022 theme of “Build your future, be smart about money” SAHAY planned GMW in all implementing areas. Community centres jointly celebrated the campaign. The person responsible for resources in a bank, post office, schools and Panchayat led sessions about “Smart Banking Habit.” Representatives from a school and Panchayat talked on how they build their future. A drawing competition and exhibition was held on savings habits. Financial literacy quiz was conducted with youth. To synchronise with the theme, SAHAY organised a fair on career readiness, so that youth could make their own future by taking proper steps towards their own career. The aim was to show them necessary skills and qualifications they need to reach their desired goal. Quests included State Coordinator from Adolescent Health & Skill Development, UNFPA, representatives of the Anudip Foundation, a renowned Skill Development and Livelihood Providing Organisation, Agency Director, and many others.

In addition, SAHAY celebrated GMW together with Aflatoun. Youth from a community centre took part in an exchange programme with participants from Aflatoun and staff members from Aflatoun International through a Zoom conference on March 23. It was a great opportunity for local youth to highlight their knowledge and talent on social and financial education. An Aflatoun tour was conducted in the community centre where students visited three counters. One counter was for information where they learned about Aflatoun. The second counter was for alternative earning options where costume jewellery was exhibited and the designer shared details about how it helped her to earn money, which she learned from the Aflatoun programme. In the third counter, a young entrepreneur, displayed his business products and shared his business plan. Aflatoun tour was highly appreciated by guests and youth.