Google will now help you in financial planning. Here’s how

Google wants you to be financially literate and sound so that you can save and invest better. In a new initiative, Google is planning to develop a website-Bharat Saves-which will help you in financial planning.

Google wants to work in line with Prime Minister Narendra Modi’s vision of financial inclusion.

In this regard, Google will align its Bharat Saves website to various schemes such as Jan Dhan Yojana.

A senior finance ministry official, speaking off record, told ET that Google is in talks with the government and that the company's proposal is being "examined".

He said the digital platform "may provide a range of financial literacy tools and information on financial products".

A Google spokesperson told ET: "In line with the Prime Minister's vision to create greater financial inclusion-....various BFSI organisations and industry associations are coming together to launch a digital platform".

In the first phase of Bharat Saves, people will have to complete financial literacy modules and take a test.

Google wants homemakers, small business owners, the newly employed, retired persons and farmers to make most of Bharat Saves.
However, Google is not the first one to propose such a scheme in India.

Apple has already held talks with the government on making Apple Pay, a mobile payment and digital wallet service, a part of financial inclusion programmes.

"There were some discussions on these issues when the PM met CEOs of top tech giants at the Digital India forum in San Jose, California during his visit to the US," an official familiar with the issue told ET.