The government does not favour over-burdening the school children with newer syllabus like financial literacy at least till class 8th, as the kids are in any case over-burdened with focus on value education and sports, Anil Swarup, secretary, ministry of human resource development has said.

''Right now, I do not want child to be over-burdened with (subjects like) financial literacy. ....Personally speaking till class 8th, we should not bother (the kids) about financial literacy. We are focussing on value education, sports .This, in any case, is over-burdening," said Swarup, when asked whether the financial literacy can be part of the school curriculum.

While the financial literacy can be taught to adults, "it cannot be a chapter in a book...I do not think it should be part of the formal education", he said while addressing an Assocham conference on financial literacy for women.

 He said the sole aim of the education policy should be to provide quality education to children. While the newer ideas are welcome, they should be practical and workable at the ground level.

Union minister Upendra Kushwaha said that the NDA government has taken a big initiative in financial inclusion by opening Jan Dhan accounts in the banks. The target has been more than met. The minister emphasised the need for more financial inclusion of women.