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Digital Financial Literacy: Critical Life Skills in Adult Education and Lifelong Learning

Book Chapter

Authors: Vijaya Kittu Manda

Book Name: NEP 2020: Implementation in Higher Education

ISBN: 9788119006823 (Print) | 9788197362699 (eBook)

Publisher: New Delhi Publishers, India

Editor(s): Abhishek Verma & Anamika Yadav

Publication Date: January 1, 2024

Pages: 148 to 157

Book Chapter Link on Publisher Website

Abstract: The attention of academicians and researchers has been drawn to the need for Digital Literacy and Financial Literacy, amongst others, as a part of adult education and lifelong learning by the National Education Policy of India 2020 (NEP 2020). A diverse country such as India needs financial literacy to bring financial inclusion. Digital tools help speed up the penetration of financial products and services. Together with policy interventions, technology and financial services foster individuals to do better financial plans and thereby achieve financial well-being. However, frauds and crimes often act as deterrents, and hence adults, especially the digitally vulnerable sections, will have to improve their digital knowledge and skills to protect themselves constantly. With appropriate government policies and strategies, digital financial literacy can be imparted to its citizens.

Keywords: technology interventions, digitally vulnerable, financial behaviour, financial well-being

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