Edgar Foundation

india has a population of 1.4 billion as per recent population statistics by the world bank (2022). financial literacy in india, however, is an unknown concept for many, and only 27% of the population knows how to handle money as per the reserve bank of india (rbi). research shows almost 73% lack knowledge about finance and makes uninformed choices. based on a recent world bank report -the global findex database 2021, indicates half of the world’s unbanked adults live in 7 economies, of which india holds a major share of 17%. in order to bridge the gap to create a financially healthy and debt-free society. edgar foundation has set its vision to pioneer a radical transformation at root levels for societal change. the idea for this foundation was started as part of amartya sen’s capability approach, which later on derives the essence of ‘hope’ as a capability inspired by abhijit banerjee.