Financial Planning Standards Board India and the BCC Sign an MoU

News Desk, News Nation 360 : The Bharat Chamber of Commerce and the Financial Planning Standards Board, India, signed a Memorandum of Understanding (MoU) in a major step to improve professional growth in the field of financial planning and to boost financial literacy. In the presence of Naresh Pachisia, President of the Bharat Chamber of Commerce, and Krishan Mishra, Chief Executive Officer of the Financial Planning Standards Board, India, the Memorandum of

Understanding was signed.  Krishan Mishra, Chief Executive Officer, Financial Planning Standards Board, India, traced the evolution of financial planning from its early roots in Chanakya’s Arthashastra to its global recognition as a respected profession. Highlighting the urgent need for financial education in India, he shared that while 42% of Indians are financially literate, only 4% are financially educated. He also stated that He asserted that financial preparation is not a luxury but rather a necessity for managing life's significant events, including retirement, healthcare, education, and childbirth. The MoU lays the groundwork for joint projects between FPSB India and the Bharat Chamber of Commerce, such as financial awareness campaigns specifically designed for female entrepreneurs, assistance for start-ups and MSMEs, and educational outreach to academic institutions. The collaboration is a big step towards giving Indians the information they need to make wise financial decisions and advancing the goal of a financially literate Viksit Bharat by 2047.

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