On Children’s Day, Finance Minister Nirmala Sitharaman shares advice for youngsters on smart money habits

Addressing children and parents alike on the occasion of Children’s Day 2024, Finance Minister Nirmala Sitharaman highlighted the significance of savings as a foundation for good financial habits. Teaching children to manage their money responsibly can help them build a secure financial future, said Sitharaman. She also requested parents to start these lessons early, creating a culture of savings and financial awareness among India’s youth.

“The first thing our children should know is that before spending money, they should keep some money aside for savings as well,” said Sitharaman. 

The first thing our children should know is that before spending money, they should keep some money aside for savings as well.

Children should be taught to handle money responsibly.

- Smt @nsitharaman in Mangaluru, Karnataka. pic.twitter.com/DWWnPubrXF

— Nirmala Sitharaman Office (@nsitharamanoffc) November 13, 2024

In her address, Sitharaman also praised India’s advancements in Digital Public Infrastructure (DPI). This infrastructure plays a crucial role in making digital transactions accessible and secure for citizens across the country, said FM Nirmala Sitharaman.

She also spoke about the progress India has made in digital technology, particularly through Digital Public Infrastructure (DPI), which includes tools like digital banking and online payment systems.

FM explained that DPI has made it easier for people from all walks of life to access financial services and stay connected to the economy, which helps improve everyone’s financial awareness and security.

The Finance Minister also pointed out that Digital Public Infrastructure has greatly contributed to financial inclusion, allowing people from all backgrounds to access banking and financial services. 

India plans to keep investing in and growing its digital infrastructure to support the country’s development and make sure digital services are available everywhere, said Sitharaman. 

On this Children’s Day, Finance Minister Nirmala Sitharaman’s message not only inspired young Indians to be financially responsible but also highlighted the role of a strong digital infrastructure in shaping a financially empowered India.