National Financial Literacy Drive was launched in Mumbai on 14.10.2008 to reach 1 million women in the year 2009. The event was a grand success which provided a unique platform, perhaps for the first time in the country, to more than hundred top officials representatives almost all the stake holders of Financial Literacy and Inclusion namely RBI, NABARD, IBA, IIBF, PFRDA, Banks, Financial Institutions, Insurance and Investments Companies, Training, Research and Educational organizations along with those of MFIs, NGOs, SHG Federation and the actual beneficiary of Financial Literacy. In one way it was an exemplary initiative of public private sector partnership to forge an effective collaboration towards Financial Inclusion. It was most heartening to find that all cross section of the participants not only praised our efforts in this direction but were also eager to join with the National Alliance for Financial Literacy (NAFiL) and build on synergy and convergence in their efforts for the purpose.
NAFiL will also serve as a knowledge sharing network on financial literacy at the national level. It is proposed to set up coordinating centers at the state level which in due course may be extended even to the district level to monitor, exchange and share experiences, new ideas, innovations, best practices and in taking financial literacy as a movement in India. For this purpose ISMW/NAFiL in addition to the current activities (of Training Needs Assessment, Concept Sharing Workshops, Campaigns, Training of Trainers & follow up), propose to organize financial counseling centers, Finance Camps, Financial Portals & conduct certified courses for financial literacy, and Business Facilitators to begin with.