Diversification and Financial Empowerment in the state of Andhra Pradesh. Government college faculties in all the 26 districts will be trained on IIMV under the state adoption model. The trained educators will then train the remaining 20,000 students at the I level by March 2026 with a focus on accrediting 2,000 students at the II level. In a rapidly growing economy like India, the savings rate of a family needs improvement. Bank accounts contribute to only 55-60 percent of financial savings. However, only around 15 percent of total family wealth is routed into market-linked instruments such as shares and mutual funds. The only way this deficit can be made up is with structured and credible education. That is where the train-the-trainer model has its use, said Prof Vijaya Marisetty, Dr. B R Ambedkar Chair Prof. & Program Director.

The training of staff of government colleges has a multiplier effect and spreads knowledge at the grassroots level, said IIMV Director Prof M Chandrasekhar.  

 This initiative converts persons who are literate to those who are financially literate and brings change agents in the form of professionals into the equation,said AMFI CEO Venkat N Chalasani.

India has always been a savings-driven country and not an investment-driven country, according to Narayana Bharat Gupta, Director of Andhra Pradesh Collegiate Education Department. Teachers can be a kind of compass that can facilitate the transition from savings to disciplined investment, resulting in building national and state wealth, said the governor.

The move was based on an agreement reached earlier this year between IIMV and AMFI in the presence of SEBI chief Tuhin Kanta Pandey. According to RBI data, risk transmission into the economy remains very low because financial assets comprise below 5% of overall household portfolios. The mutual fund industry currently manages assets of about $1 trillion or 22% of the Indian economy’s GDP. This is very low relative to advanced countries.