ROYAL MONETARY AUTHORITY OF BHUTAN

Financial Inclusion Secretariat

National Financial Inclusion Strategy(NFIS) 2018-2023

“The provision of appropriate financial products and services at an affordable cost by formal financial service providers that meet the needs of the unserved and underserved segments of Bhutan’s population.”

National Financial Inclusion Strategy
NFIS and NFLS launch

National Financial Literacy Strategy (NFLS) 2018-2023

The Royal Monetary Authority (RMA) is the lead agency spearheading financial inclusion and financial literacy in the Kingdom of Bhutan. It is committed to providing inclusive opportunities and raising awareness among the unserved and underserved segments of the populations. 

Financial Inclusion National Action Plan (FINAP) 2018-2023

The Financial Inclusion National Action Plan (FINAP) targets 85% financial Inclusion based on the financial inclusion value store transaction account by 2023.

Resources

Regulations relevant to Financial Inclusion

Brought to you by Financial Inclusion Secretariat

Financial Literacy Programs

Brought to you by Financial Inclusion Secretariat

Curriculum Resources and FinLit Resources

Brought to you by Financial Inclusion Secretariat

Our Entrepreneurs

Tashi Wangdi

Jabchor-3

iHub Co-work is the solution to the mobile worker's dilemma

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Namgay Tenzin

Jabchor-3

Paysap is a Public Fin-Tech Start-Up aiming to sell public services and build payment systems.

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Rinzin Dorji

Janchor-3

Mineral Pigment Production is a pigment production company located in Taba, Thimphu.

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Dorji Dema

Janchor-3

Zhiwa was given birth during the first Bhutan National Startup weekend held in 2018.

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Karma Namgyel

Janchor-3

Drukyul Production- The manufacturing aims to improve the environment conservation.

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FAQ

Most frequent questions and answers

‘Financial literacy is a combination of financial knowledge, skills, attitudes and behaviours necessary to make sound financial decisions, based on personal circumstances, to improve financial wellbeing’

Financial Inclusion: Many literatures define financial inclusion with financial exclusions, gaining access to formal financial system or some define it as the inability to access necessary financial service in an appropriate form.

Financial Inclusion is a process of including the unbanked section of the society and have access to formal financial services that rages from savings to deposits, credits to investments and insurance etc. However, with relevance to Bhutan, the most meaningful definition would be to ease access to basic financial services making it available and ensure that it is utilized by all section of the society in particularly the lower income group or outreach to the rural areas for an inclusive growth. However, this process should not rule out the important element of finance sustainability and consumer protection.

Being Financially literate means being able to understand the benefits of spending less than you earn, looking after yourself and your family, understanding about debts and risk that you are comfortable with, saving and planning for your retirement and old age etc.

In fundamental terms, financial literacy makes you capable in managing day-to-day money and risks effectively. It also helps you in making an informed and sound financial decision backed up with the informed choices and ability to be confident about money and its influencing variables.

Financial literacy also enables trust and confidence to the Bhutanese population towards the Financial and other institutions.

Improving the financial capabilities enhances access to financial services irrespective of level of income, gender and age group. It empowers the dis-connected groups to advance their knowledge in budgeting skills and pursue entrepreneur development, transiting through their behavioral change to an ultimately financially informed citizen. In the process, at the macro level, Financial literacy programs helps in reducing poverty, rural urban migration, unemployment, private sector development contributing to the overall country’s economic development.

Our Programs

Youth Ethics (YE) Banking

YE-Banking was initially pre-conceived by Ms. Tshering Yangchen, a Grade VI student of Jigme Losel Primary School.

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Youth Ethics (YE) Banking

Jabchor Program - Equity Financing

Jabchor is an initiative to partner with innovative entrepreneurs.

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Jabchor Program - Equity Financing

Little CEOs Program

Little CEO’s program, inspired by “More than a Lemonade Stand” 

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Little CEOs Program

Global Money Week (GMW)

YE-Banking was initially pre-conceived by Ms. Tshering Yangchen

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Global Money Week (GMW)

Students Business Seedling (SBS) Program

His Majesty visited Desi High school on 1st March 2018

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Students Business Seedling (SBS) Program