Centres for Financial Literacy launched

General Manager, FIDD RBI launching CFL at Suchetgarh on Wednesday.
General Manager, FIDD RBI launching CFL at Suchetgarh on Wednesday.

Excelsior Correspondent

JAMMU, Dec 1: With a view to promote inclusive growth, deepen financial inclusion and protect the customers by promoting financial literacy, Reserve Bank of India, Jammu in association with CRISIL Foundation, Mumbai, today launched the Centre for Financial Literacy (CFL) at Suchetgarh Block in Jammu District.
At this event, a total of 39 CFLs across the UT of J&K were also launched virtually by Sandeep Mittal, General Manager, FIDD, RBI Jammu. The event was attended by COO, CRISIL Foundation, officials from SBI and JKB and other officials from RBI Jammu.
In his address, Sandeep Mittal briefed on various initiatives undertaken by RBI to augment the dissemination of financial literacy and the support extended by all the banks in these initiatives. He explained the importance of CFL in achieving the multiple objectives of financial literacy i.e., creating awareness about financial products/services, good financial practices, going digital and consumer protection. He envisaged that the CFL project will bring about a paradigm shift in disseminating awareness on financial inclusion as well as financial education by ensuring greater involvement from all the stakeholders and advised the banks to formulate a roadmap for the proper implementation of the project through regular monitoring of the FL camps conducted by the CFLs.
Following this launching, a Financial Literacy awareness session was also organized by officials from RBI Jammu. There was an overwhelming participation of villagers, school students/ teachers and entrepreneurs of the area in the event wherein people were made aware of the importance of Digital Banking and various precautions required while using Digital Banking, Banking frauds, e-KYC and Know Your Liability under Banking Ombudsman Scheme.