'We have requested the state government to incorporate the financial literacy course in the text books for students of class five, class seven and class nine from the next academic year,' Subbarao said.

To achieve 100 percent financial inclusion across the country, the Reserve Bank has decided to work with state governments for opening no-frills accounts in every village with a population of 2,000.

'The bank accounts should be operational with facility to deposit money, take credit and make other transactions. Financial inclusion means all people or every household in the country must have an operative account in a bank,' Subbarao pointed out.

To roll out the programme nationwide, the RBI's top officials will participate in similar programmes throughout the platinum jubilee year.