Role of Various Stakeholders for Boosting Financial Literacy in Rajasthan

Abstract

This paper tries to cover the important role played by various stakeholders for boosting financial literacy in Rajasthan. Various stake holder central government, state governments, and other department’s ministry of central and state government continuously making efforts to boost financial literacy in the country and in Rajasthan. Financial literacy becomes more important when it’s come to state of Rajasthan due to low literacy ratio, gender discrimination and other social issues. Apart from governments, participation of central bank i.e. RBI and its policy guidelines to various financial institutions to reach up to the rural and unbanked areas has results into more involvement of financial institution. Academic institution, different NGO’s, microfinance institution, business organization, corporate media is playing very important role in boosting financial literacy still the scope for various stakeholders is huge. This paper covers roles of various stakeholders and also the wide scope for boosting financial literacy in rural outreach.

Keywords: Financial Literacy, Financial Inclusion

JEL Classification: D14