The National Strategy for Financial Education (NSFE) 2020-2025 is a comprehensive framework aimed at strengthening financial literacy and inclusion across India. To ensure its continued relevance and effectiveness, a Mid-Term Evaluation has been conducted to assess the progress of implementation, identify gaps, and refine strategies based on emerging trends and challenges.

This evaluation serves as a critical checkpoint, offering insights into the achievements, challenges, and areas for improvement in the strategy’s execution. The key objectives of this review include:

• Assessing Implementation Progress: Measuring how well the strategy has been executed and its impact on financial education initiatives.
• Identifying Gaps & Challenges: Highlighting areas that need improvement, particularly in outreach and inclusivity.
• Enhancing Stakeholder Accountability: Ensuring all involved stakeholders contribute effectively to financial literacy efforts.
• Informing Policy Adjustments: Providing Suitable Recommendations: Offering actionable recommendations to strengthen financial education initiatives and address identified gaps.
• Adapting to Emerging Trends: Aligning the strategy with evolving financial and digital landscapes to enhance its effectiveness.

The findings of this mid-term review will help strengthen the NSFE’s approach, ensuring that financial education remains accessible, inclusive, and impactful for all sections of society. The report of the Mid-Term evaluation is provided below.