In order to create awareness about financial literacy, Reserve Bank of India (RBI) has decided to observe ‘Financial Literacy week’ every year. RBI will reach out to people, especially in rural areas and will educate them on financial matters.
Regional Director, Amarnath, said, “The week will be observed from June 5 to 9 in Himachal this year and people will be educated on four themes – Know Your Customer (KYC), Exercising Credit Discipline, Grievances redressal and Going digital”.
RBI has sent pamphlets to all the bank branches in the state which underscore all the four themes. Also, 1,900 odd ATMs have been asked to display these themes on screens.
Read more: FY17 started even before demonetisation, says Arun Jaitley on slowdown of GDP
“15 financially literacy campaigns (FLCs) have been planned to assist and educate bankers,” he added.
The programme will keep the customers informed and will help them in making financial decisions. Moreover, RBI will be introducing an initiative wherein NGOs would be collaborating with banks in order to extend the level of outreach through innovative and participatory methods at the block level. The activities of the Financial Literacy Week will be common across the country in a bid to maximise the impact.
