Reserve Bank of India (RBI) launched Financial Literacy Week (FLW) on Monday for the year 2021. The week started from February, 8 and continues till February, 12 of the year on 'Developing credit discipline and encouraging availing credit from formal financial institutions as per requirement'.
During this week similar activities will be conducted across the country and special financial literacy programs will be organized by all banks and financial literacy centers on the subject.
Addressing a press meet at RBI, Regional Office in the State Capital, RBI Ranchi, Chief General Manager, Sanjeev Dayal said RBI has been organizing FLW every year since 2016 and different them.
The bank organises the event to spread awareness among people on different issues regarding banking services and this year the bank organising the week on to spread awareness among people about credit facilities provided by the bank because credit score is a very important issue in the banking sector.
“A customer should know about the credit system of banks.
Proper management of this facility can help immensely in the development of the economy of the Country and it can improve the economical condition of customers also. If a customer returns their loan on stipulated time then the credit score of the customer will increase.
After that the customer can take more amount as loan than previous from the bank. Through this way the banking sector will be strengthened and an entrepreneur can avail easy credit facilities which can help to develop the enterprises,” said Dayal.
The Chief General Manager further said that through the programmes the banks will spread awareness among masses about various kinds of credit or loan facilities such as home loan, vehicle loan, business loan, Kisan Credit Card and others.
The FLW 2020 was focussed on 'Micro, Small and Medium Enterprises' and in 2018 and FLW 2019 were focussed on 'Consumer Protection' and 'Farmers' respectively.
Speaking on the occasion Deputy General Manager, SLBC and Bank of India, Ganesh Toppo said that BoI is organising 75 campaigns during FLW in 15 districts of Jharkhand. The has approximately covered 2.30 lakh people under PMSBY and approx 0.70 lakh people under PMJJBY, he added.
“We have so far covered 1.25 lakh people under APY. We have included at least 3.6 lakh customers with digital platforms. We have funded at least around 53, 000 Self Help Groups so far in Jharkhand, which helped them in overcoming the financial crisis during COVID-19,” said Toppo.
The banks will organised various programmes to reach out larger numbers of masses to spread awareness during the week.