Now, RBI to take up financial literacy programme
The Reserve Bank will take up 'financial literacy' programme to educate youngsters about basic banking transactions in a big way, RBI Deputy Governor V Leeladhar said on Monday.
By PTI |
BANGALORE: The Reserve Bank will take up 'financial literacy' programme to educate youngsters about basic banking transactions in a big way, RBI Deputy Governor V Leeladhar said on Monday.
Unveiling the Corpbank International Credit Card today, he said brochures explaining the banking basics will be distributed in all primary schools.
The Andhra Pradesh Government has come forward to bear the cost of printing the brochures, Leeladhar said.
He also called upon the banks to focus on financial inclusion and implement it in toto.
Defining financial inclusion as providing financial services at an affordable cost, he said Himachal Pradesh has achieved 100 per cent financial inclusion, while Goa and Uttarakhand were close to it.
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He said RBI has asked leading banks in Karnataka to take the initiative of financial inclusion. Districts of Kodagu and Chimagalur have already become financially inclusive, he added.Start a SIP with as low as ₹500 with ET Money App!
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