The Reserve Bank of India, RBI, is organizing Financial Literacy Week from today till 8th of this month, across the nation. This year the theme is Customer Protection. The aim is to create financial awareness among bank customers about financial products and services, good financial practices and digitization.
According to an RBI official, the bank is leaving no stone unturned to accelerate the level of outreach of the initiative. For this, a pilot project for financial literacy in 80 blocks of 9 states has been devised, in which 6 NGOs have registered themselves in Depositor education and awareness fund. RBI has also signed pact with 10 banks to provide financial education. Target groups of this initiative are farmers, industrialists, school students, senior citizens and self- help groups.
Source: AIR