NCFE (National Centre for Financial Education)
NCFE is an Indian non-profit co-promoted by RBI, SEBI, IRDAI, and PFRDA that delivers free financial literacy programs — FEPA, MSSP, FETP, FACT, NFLAT — and an E-LMS platform with a mobile app to adults, school students, teachers, and young graduates across India.
- Company typePrivate
- Founded-
- HeadquartersNavi Mumbai, India
- Headcount—
- GTM typeB2C
- OfferingServices
What NCFE (National Centre for Financial Education) does
NCFE (National Centre for Financial Education) is an Indian non-profit organization, headquartered at NISM Bhavan in Vashi, Navi Mumbai, that operates as the dedicated financial literacy body co-promoted by India's four principal financial regulators — the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and Pension Fund Regulatory and Development Authority (PFRDA). Its mission is to improve financial awareness and decision-making among India's adult population, school students (classes 6-10), teachers, and young graduates through standardized, regulator-endorsed curricula that are offered free of charge.
The organization's core product portfolio spans six programmatic and three platform/framework offerings: FEPA for adults (farmers, women groups, ASHA/Anganwadi workers, self-help groups), FETP/MSTP for training school teachers as "Money Smart Teachers," MSSP (Money Smart School Program) for in-school delivery, FACT for graduates and postgraduates, NFLAT as a standardized assessment test, and the supporting E-Learning Management System (E-LMS) platform and a Financial Literacy mobile app on Google Play and the Apple App Store. The E-LMS and mobile app together form the self-serve digital delivery layer, while empanelled Financial Education Trainers (FETs) form the physical, in-person delivery layer; the curriculum is localized into 12 Indian languages. Overarching strategic artifacts include the National Strategy for Financial Education (NSFE) framework, the National Financial Literacy and Inclusion Survey (NFLIS), and the Mid-Term Evaluation (MTE: NSFE 2025).
NCFE does not operate a commercial revenue model. Programs, E-LMS courses, and mobile app content are free to all registered users. Operating funding flows from the four promoter regulators and from project-specific partnerships such as the 2025 CGAP Financial Literacy Solutions Sprint. The organization reaches customers — adult learners, school students, teachers, and young graduates — through hybrid distribution: schools and teacher networks for enterprise-style program delivery, FETs for community-based adult training, and direct self-serve access via E-LMS and mobile app. Customer-facing language is available in English plus 12 Indian languages, and the organization markets through organic social channels (Facebook, Twitter, YouTube, LinkedIn, Instagram), its "Sanchay" newsletter (18+ editions), and public hackathons such as Innovate4FinLit.
NCFE (National Centre for Financial Education) firmographics
Firmographics- Name
- NCFE (National Centre for Financial Education)
- Legal name
- National Centre for Financial Education
- Website
- https://ncfe.org.in
- Company type
- Private
- Operating status
- Operating
- Short description
- NCFE is an Indian non-profit co-promoted by RBI, SEBI, IRDAI, and PFRDA that delivers free financial literacy programs — FEPA, MSSP, FETP, FACT, NFLAT — and an E-LMS platform with a mobile app to adults, school students, teachers, and young graduates across India.
- Ownership category
- akta.pro rank
NCFE (National Centre for Financial Education) industry classification
Industry- Product category
- Financial Education Services
- NAICS
- Educational Services (611), Educational Support Services (61171)
- SIC
- Services-Educational Services (8200)
- akta.pro primary industry
- Financial & Consumer Literacy (Banking, Credit, Contracts) (EDAAAAAG)
- akta.pro secondary industries
- Personal Finance & Financial Literacy for Students (EDAMAIAH), Budgeting & Cash-Flow Management (EDAAAJAA)
Keywords
Where NCFE (National Centre for Financial Education) is headquartered
LocationHeadquarters
- HQ city
- Navi Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
NCFE (National Centre for Financial Education) business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Government/Regulatory Funding: NCFE is promoted by and funded through India's financial regulators including RBI, SEBI, IRDAI, and PFRDA. As a non-profit financial education body, the organization operates on government allocations rather than commercial revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Free | Free access to all programs and E-LMS content |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
NCFE (National Centre for Financial Education) product offering
Product offeringCore offering
NCFE provides free financial literacy education programs and digital learning platforms across India, targeting adults, school students (classes 6-10), teachers, and young graduates. Its offerings include structured programs such as FEPA, FETP/MSTP, FACT, MSSP, and FEPCS, supported by an E-Learning Management System (E-LMS), a mobile application, and assessment tools like NFLAT, all delivered through a network of empanelled trainers and digital channels in 12 Indian languages.
Product overview
NCFE offers a comprehensive portfolio of financial education programs and platforms designed to improve financial literacy across India. The core offerings include: FEPA for adults (launched September 2019), FETP for school teachers, FACT for graduates, MSSP for schools, and NFLAT for assessment. Supporting infrastructure includes the E-LMS e-learning platform, a Financial Literacy mobile app (available on Google Play and App Store), and strategic frameworks like NSFE and NFLIS. The programs are built on two pillars: education and awareness, aiming to establish sustainable financial literacy campaigns. The company is promoted by major Indian financial regulators: RBI, SEBI, IRDAI, and PFRDA.
Differentiator
Problem solved
Functional benefit
Brands
- FEPA: Financial Education Programme for Adults - a financial literacy program for the adult population including farmers, women groups, and other target segments.
- FETP
- FACT
- MSSP
- NFLAT
- E-LMS
- NSFE
- NFLIS
Products and services
- FEPA (Financial Education Programme for Adults) A financial literacy programme designed to spread financial awareness among the adult population including farmers, women groups, ASHA workers, Anganwadi workers, self-help groups, organization employees, and skill development trainees. Conducted in line with the National Strategy for Financial Education, focusing on Special Focused Districts.
- FETP (Financial Education Training Program) An initiative for providing unbiased personal financial education, specifically designed for school teachers handling classes 6 to 10 across India. Teachers are certified as 'Money Smart Teachers' after completion. The program has 100+ institutes registered and 400+ students participated.
- FACT (Financial Awareness and Consumer Training)
- MSSP (Money Smart School Program)
- NFLAT (National Financial Literacy Assessment Test)
- E-LMS (E-Learning Management System)
- Financial Literacy App
- MSTP (Money Smart Teacher Program)
- FEPCS (Financial Education Programme for Consumer)
Quantifiable outcome
- 100+ institutes and 400+ students reached through FACT program
- +1 more outcomes
Companies that use NCFE (National Centre for Financial Education)
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
NCFE (National Centre for Financial Education) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
NCFE (National Centre for Financial Education) partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- CGAP (Consultative Group to Assist the Poor)flagshipCGAP is partnering with NCFE for the Financial Literacy Solutions Sprint to develop innovative solutions for financial literacy in India.
- National Institute of Securities Markets (NISM)coreNCFE is housed at NISM Bhavan in Vashi, Navi Mumbai. NISM is an educational initiative of SEBI.
- Reserve Bank of India (RBI)coreRBI is one of the four co-promoters of NCFE along with SEBI, IRDAI, and PFRDA. RBI promotes financial inclusion and supports financial literacy initiatives through NCFE.
- Securities and Exchange Board of India (SEBI)coreSEBI is one of the four co-promoters of NCFE, supporting investor education and financial literacy initiatives.
- Insurance Regulatory and Development Authority of India (IRDAI)coreIRDAI is one of the four co-promoters of NCFE, supporting insurance awareness and financial literacy.
- Pension Fund Regulatory and Development Authority (PFRDA)corePFRDA is one of the four co-promoters of NCFE, supporting pension and retirement planning awareness.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
NCFE (National Centre for Financial Education) competitors and assessment
Company assessmentBroad incumbents
- National Endowment for Financial Education (NEFE):
- Money and Pensions Service (MaPS): UK's national financial capability body, set up under government direction to improve financial wellbeing. Closest international analog to NCFE's mandate as a national, government-backed financial education body.
Direct peers
- RBI - Financial Literacy Initiatives: The Reserve Bank of India's own financial literacy programs (FLCs, village-level camps). Operates parallel to NCFE under the same promoter (RBI) with overlapping adult-population financial literacy mandates.
- SEBI - Investor Education Initiatives: SEBI's investor education arm delivering investor awareness through seminars, workshops, and digital content. Directly comparable to NCFE's mandate on the securities and capital-markets side of financial literacy.
- PFRDA - Pension Awareness Programs: PFRDA's pension-literacy initiatives targeting NPS subscribers and retirement planning awareness. The fourth co-promoter of NCFE and a direct parallel in scope.
- National Institute of Securities Markets (NISM): SEBI's educational arm, housed in the same NISM Bhavan building as NCFE. Provides financial education, certifications, and training for securities-market participants — directly comparable as an Indian regulator-backed financial-education body targeting professional and retail learners.
- IRDAI - Insurance Awareness Campaigns: IRDAI's Bima Bharosa and consumer education campaigns on insurance literacy. Functions as NCFE's parallel insurance-focused counterpart under the same co-promoter structure.
Market position
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
NCFE (National Centre for Financial Education) social profiles
Digital presenceNCFE (National Centre for Financial Education) financial estimates
Financial estimateRevenue estimate
Valuation estimate
NCFE (National Centre for Financial Education) leadership team
Management profileNumber of profiles
NCFE (National Centre for Financial Education) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NCFE (National Centre for Financial Education) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NCFE (National Centre for Financial Education)
What does NCFE (National Centre for Financial Education) do?
NCFE provides free financial literacy education programs and digital learning platforms across India, targeting adults, school students (classes 6-10), teachers, and young graduates. Its offerings include structured programs such as FEPA, FETP/MSTP, FACT, MSSP, and FEPCS, supported by an E-Learning Management System (E-LMS), a mobile application, and assessment tools like NFLAT, all delivered through a network of empanelled trainers and digital channels in 12 Indian languages.
Is NCFE (National Centre for Financial Education) a public or private company?
NCFE (National Centre for Financial Education) is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was NCFE (National Centre for Financial Education) founded?
NCFE (National Centre for Financial Education) was founded in -1.
Where is NCFE (National Centre for Financial Education) based?
NCFE (National Centre for Financial Education) is headquartered in Navi Mumbai, India, in the Asia region.
How does NCFE (National Centre for Financial Education) make money?
One revenue line is on record: government/Regulatory Funding.
Who are NCFE (National Centre for Financial Education)'s main competitors?
Broad incumbents on record are National Endowment for Financial Education (NEFE) and Money and Pensions Service (MaPS). Direct peers are RBI - Financial Literacy Initiatives, SEBI - Investor Education Initiatives, PFRDA - Pension Awareness Programs, National Institute of Securities Markets (NISM) and IRDAI - Insurance Awareness Campaigns.
Does NCFE (National Centre for Financial Education) have an API?
No public API is recorded for NCFE (National Centre for Financial Education).
What industry is NCFE (National Centre for Financial Education) in?
NCFE (National Centre for Financial Education)'s product category is Financial Education Services. Its primary akta.pro industry code is EDAAAAAG, Financial & Consumer Literacy (Banking, Credit, Contracts), with a secondary code of EDAMAIAH, Personal Finance & Financial Literacy for Students. Its NAICS code is 611 and its SIC code is 8200.