FinLit RMA Bhutan


Financial Inclusion and Literacy(FIL) Unit was set up on 1st January, 2017 under the Royal Monetary Authority(RMA) to spearhead the national financial inclusion policies and strategies. FIL Unit aims to incorporate various financial literacy programs and activities expected to be undertaken commencing from 2017.

The unit aspires in achieving the vision of Improving the financial well-being of the Bhutanese by advancing their financial literacy capabilities:  Improve on citizen’s knowledge, skills, attitudes and behavior in making an informed financial decision.

FIL Unit functions on four key principles

  • Ensure easy access to basic financial service: One of the core focus of the Central Bank is to enable easy access for the rural areas and ensure that the rural populace avail to basic financial services like opening up a savings account, remittances and basic bank transfer facilities.
  • Dynamic stakeholder engagement: Improving financial wellbeing is a shared responsibility across various stakeholders. The RMA’s principle role would be to create an enabling environment for promoting inclusive financial growth in coordination with stakeholder engagement.Although, access to finance has been embedded in the national development goals, a coordinated approach is still crucial for inclusive financial policy to be effective. RMA shall now spearhead in formulating the Financial Inclusion Policy (FIP) and other relevant regulations.
  • Inclusive financial growth mandate: An approach to motivate targeted populace; disconnected rural areas, low-income group, youth, women, senior citizens and others towards private sector development, generating employment, mitigating poverty and rural-urban migration.
  • Sustainable program approach: All programs designed ensures to have a long term impact and reap maximum benefits with acceptable return on investment. Initially most of the action plans may be delivered with incentives and motivation.