18th July 2019
Unlike hunger, need for financial literacy is not self-evident. If it was, there would have been no need for it to start with. Financial literacy requires mobilisation, counselling, classroom training with the relevant content and pedagogy. There seems to be an impression that all this can be achieved in batches of 80 being mobilised by one extension worker for Rs. 4,500 or Rs. 56.25 per head for four hours of classroom training. What was the cost of opening a bank account or issuing an Aadhaar compared to this? The thought itself under-resources the programme for failure.