IEPFA and ACCA Join Hands to Revolutionize Financial Literacy in India

New Delhi: In a landmark move to foster financial literacy and investor education across India, the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, has signed a Memorandum of Understanding (MOU) with the Association of Chartered Certified Accountants (ACCA). The collaboration, formalized in New Delhi, aims to bridge financial education gaps in urban and rural regions, empowering the next generation with essential financial knowledge.

A centerpiece of the partnership is the introduction of ACCA’s “Financial Education for You” (FEFY) program, a comprehensive four-year curriculum designed for students in grades 6 to 9. The program will equip young minds with critical financial decision-making skills, creating a strong foundation for future investors.

Under the agreement, IEPFA will facilitate the rollout of the FEFY program in select schools across India. ACCA will provide the program’s digital content free of cost and offer professional training to educators, ensuring effective delivery of the curriculum. The pilot phase will commence in schools equipped with the necessary digital infrastructure, combining interactive and experiential learning to instill financial discipline and awareness among students.

In addition to the FEFY program, the partnership will feature seminars, workshops, and roundtables on financial education, investor protection, and capital market development. These initiatives, funded by ACCA, aim to deepen outreach efforts and encourage widespread adoption of financial literacy practices.

Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs, expressed optimism about the collaboration:

“We are happy to collaborate with ACCA to promote financial awareness among students throughout India. By incorporating financial education into schools, we aim to foster a culture of financial literacy that supports a more robust economy and responsible investors.”

Helen Brand OBE, Chief Executive of ACCA, emphasized the transformative potential of the partnership:

“Financial literacy is not just about understanding numbers; it’s about empowering the next generation to take charge of their financial futures. This collaboration will prepare students across India to face challenges with confidence and achieve financial stability.”

Both IEPFA and ACCA have pledged to maintain confidentiality regarding sensitive information while ensuring the partnership operates transparently. Their shared vision is to create a financially aware and empowered society, contributing to the nation’s economic growth and resilience.