Phase IFoundation
Background
Overview
Directly addresses inclusive growth, poverty alleviation, social security, and economic stability. It's a holistic framework for assessing and improving the financial well-being of citizens, which is critical for national development and achieving targets like Viksit Bharat 2047.
Financial health refers to the state where individuals and households have the right financial policies, products, and services to effectively manage day-to-day expenses, build resilience against unexpected shocks, invest and save for short-term and long-term goals, and maintain confidence in their financial future. It extends beyond mere access to financial services to encompass actual financial well-being and security.