New Delhi, May 22 -- In our generation, healthy saving habits were instilled early on through the simple gift of a piggy bank. Any money we received, be it as birthday gifts or rewards for our achievements, was encouraged to be saved in the piggy bank and used wisely when we wanted to buy something. This practice was a foundational step in teaching Indian children the value of saving.

Today's younger generation, however, is far more advanced than previous ones. They are already learning complex computer languages, exploring machine learning, and engaging with concepts like artificial intelligence. Economics is now part of school curricula. Given their exposure and capabilities, involving them in formal financial systems is not just benef...