Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country. FLW 2018 and FLW 2019 were focused on “Consumer Protection” and “Farmers” respectively. The theme selected for current year FLW is “Micro, Small and Medium Enterprises (MSMEs),” which is being observed from February 10 to February 15, 2020.
This is an all-India Awareness Programme, intended to create awareness and interest about the topics, such as Collateral Free loans, Trade Receivables Discounting System (TReDS), Formalization and Timely Repayment of Loans, among the current and future entrepreneurs and bankers of the country that will contribute to the faster and inclusive growth of India over the years.
Financial Literacy Week is being organized to connect banks and the young students /entrepreneurs’ community, enrolled in institutions like ITIs, EDIIs, RSETIs across the country and achieve extensive dissemination of financial literacy. In this regard, posters containing financial literacy messages will be displayed at bank branches, financial literacy centres, ATMs and websites. Financial literacy camps will also be organized in MSME clusters. A central campaign by RBI on Doordarshan and All India Radio will also be conducted to reach out to entrepreneurs and the public.
The Financial Literacy Week 2020 was inaugurated by Shri Arun Kumar Singh, Regional Director, Reserve Bank of India Jaipur today on February 10, 2020 at Hotel Hilton, Mangalam GeejGarh House, 42, Hawa Sadak, Jaipur, Raj-302006. Shri Arun Kumar Singh urged upon banks to disseminate the message of Financial Literacy to the people of Rajasthan and asked banks to organize Loan Melas during the week in addition to financial literacy programmes. The controlling heads of Public Sector and Private Sector banks in Rajasthan participated in this event.