|Early Times Report|
JAMMU, Dec 1: Reserve Bank of India (RBI) Jammu in association with CRISIL Foundation, Mumbai launched Centre for Financial Literacy (CFL) at Suchetgarh. At this event, 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, 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.
Mittal 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.
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. The event was well appreciated by all participants.