The Faculty of Commerce at Karim City College, Jamshedpur, in collaboration with the Reserve Bank of India (RBI) Regional Office in Ranchi, organized a comprehensive Financial Literacy Program for students. The event aimed to equip participants with essential financial knowledge and awareness in an increasingly digital economy.

The program was inaugurated by a distinguished panel comprising the Chief Guest,  Prem Ranjan Prasad Singh, Regional Director of RBI, Ranchi;  Basant Paul Minj, Assistant General Manager of RBI, Ranchi; Dr. Mohammad Reyaz, Principal of Karim City College, Jamshedpur; and Dr. Md. Moazzam Nazri, Head of the Commerce Department and program coordinator.

Dr. Mohammad Reyaz welcomed the guests and commended the Commerce Department for organizing the event. He emphasized the growing importance of financial literacy, particularly in the context of the rising threat of cybercrime, and underscored the need for individuals to be financially literate to protect themselves in today's complex financial landscape.

Dr. Md. Moazzam Nazri provided an overview of the program, highlighting the importance of various government schemes and the critical need for financial literacy, noting that India's financial literacy rate is only 27%. He stressed that enhancing financial knowledge is essential for the economic empowerment of individuals.

In his address, Chief Guest  Prem Ranjan Prasad Singh underscored the significance of financial literacy, inclusion, and awareness. He discussed the continuous efforts and initiatives undertaken by the Reserve Bank of India, particularly the Ranchi Regional Office, to strengthen India's financial structure and make transactions easier and more secure. He also highlighted the RBI's role in promoting financial education and ensuring that financial inclusion reaches all segments of society.