Aiming at 100 per cent financial literacy especially among the youth, BSE Institute Ltd (BIL) intends to extend its financial education programme to a larger population.

There is a "dying need'' to impart financial education in the country, as India is going to be the largest and the youngest saving nation in the world, says Ambarish Datta, Managing Director and CEO, BIL.

So far, the total contribution to capital markets is only less than six per cent of the population with majority of the savings going to unproductive sectors. Given the trend, he stressed the need to channelise majority of these savings to share markets for wealth creation thereby contributing more to the GDP and to keep the momentum of growth.

Speaking to BusinessLine on the sidelines of a financial education programme here, Datta said BIL is now looking at new areas in extending its career-oriented financial education programme to the masses to make "India a financially healthy state''.

BIL today offers 120 short-term courses to cater to the financial market needs of the people ranging from one-day workshops to full-time post graduate programmes. Various states like Madhya Pradesh, Maharashtra, and Kerala have evinced interest in imparting such courses to enhance the financial skills of the people, he said.

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