RBI releases Financial Literacy Material…

RBI has released some interesting material for promoting financial literacy. Here is a guide to fin literacy, Financial Diary to calculate savings and expenses and 16 posters.

The press release says:

Financial Literacy creates demand for financial products & services, thereby accelerating the pace of financial inclusion as it enables the common man to understand the needs and benefits of the products and services offered by the banks. Towards this objective, RBI had issued revised guidelines on the Financial literacy Centres (FLC) on June 6, 2012, advising banks that FLCs and all the rural branches of scheduled commercial banks should scale up financial literacy efforts through conduct of outdoor Financial Literacy Camps, at least once a month, to facilitate financial inclusion through provision of two essentials i.e. ‘Financial Literacy’ and easy ‘Financial Access’.

As advised therein, we have now prepared a comprehensive Financial Literacy Guide containing Guidance Note for Trainers, Operational Guidelines for conduct of Financial Literacy Camps & Financial Literacy Material as also a Financial Diary and a set of 16 posters. The Financial Literacy Guide contains operational guidelines which clearly spell out the manner in which Financial Literacy Camps should be conducted so as to synchronise it with providing financial access and thus linking the financially excluded section with the banking system.

The objective of Financial Literacy material is to aid creating financial awareness and educate common people on management of money, importance of savings, advantages of saving with banks, other facilities provided by banks and benefits of borrowing from banks. This guide is a ready recknor for trainers involved in Financial Literacy and Financial Inclusion. The Financial Diary has been prepared for distribution to the target audience with the objective of enabling them to keep a record of their income and expenses leading to better financial planning and understanding of how they spend. The posters with simple and appealing slogans, which communicate the messages of money management, savings, borrowings and basic banking products pictorially, may be displayed prominently before, during and after the Financial Literacy Camps.

Nice stuff from RBI..


4 Responses to “RBI releases Financial Literacy Material…”

  1. Shiva Ram Says:

    Reblogged this on Shiva Ram Speaks and commented:
    Attention: To my newly placed friends. This is a good post from Amol Aggarwal, regarding some of the good measures taken by RBI to promote financial literacy.

    One may think that this is too simple and not useful for the city urban people, but there are many who fall into the debt trap because of unsound financial planning.

    The Finance calender is like a worksheet to give what one must do to balance the income and expenditure levels. I see many of my friends splurging their newly got income. This is like the ABC of what you must do to avoid future financial crisis.

  2. UK implements financial literacy cirriculum in schools – The Wise Me/ Donny Wise Says:

    […] RBI releases Financial Literacy Material… (mostlyeconomics.wordpress.com) […]

  3. Wanda Says:

    I believe what you said was very reasonable. However, think about this,
    suppose you were to write a killer title? I ain’t suggesting your content is not solid., however suppose you added a post title to possibly grab folk’s attention?
    I mean RBI releases Financial Literacy Material | Mostly
    Economics is kinda plain. You ought to peek at Yahoo’s home page and watch how they write post headlines to grab viewers to open the links. You might add a related video or a related picture or two to get readers interested about what you’ve written.
    In my opinion, it might bring your posts a little bit more interesting.

  4. Joel Lionel Fernandes Says:

    Reblogged this on Joel Lionel Fernandes and commented:
    Financial Literacy is a must

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