NABARD AND RBI PROMOTE RURAL FINANCIAL LITERACY THROUGH VARIOUS INITIATIVES; 2,421 CENTRES FOR FINANCIAL LITERACY SET UP NATIONWIDE

India, Aug. 5 -- The Government of India issued the following news release:

National Bank for Agriculture and Rural Development (NABARD) and Reserve Bank of India (RBI) have undertaken various interventions to promote financial literacy and awareness of rural population, including microfinance borrowers.

This is promoted through following initiatives:

NABARD has been providing financial support for conduct of Financial and Digital Literacy Camps through rural bank branches and Financial Literacy Centres (FLCs) in areas with limited awareness. These programmes entail generating awareness on various banking products, social security schemes of Government of India, digital banking, mobile banking, cyber security, etc. Centre for Financial L...