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Monetary Policy Committee has maintained status quo with regard to the policy repo rate and retained the accommodative policy stance.

The objective is to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.

Key rates are Repo Rate (4.0%), Reverse Repo Rate (3.35%), MSF and Bank Rate (4.25 %) which remained unchanged to retained the real GDP growth projection for 2021-22 @ 9.2 %. Real GDP growth is projected at 7.8 per cent for 2022-23. CPI inflation is projected @ 5.3% for 2021-22. MPC also noted that consumer price inflation.

Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a relevant theme. The FLW 2019, FLW 2020 and FLW 2021 were focused on “Farmers”, “MSMEs” and “Credit Discipline and Credit from Formal Institutions” respectively. The theme for this year’s Financial Literacy Week is “Go Digital, Go Secure”, which aligns with one of the strategic objectives of the National Strategy for Financial Education: 2020-2025.

UTLBC Spear Heads

UTLBC Contact Detail

Phone: 0172-2702122

email: ldmchd[at]pnb[dot]co[dot]in

For more detail about

GOI PAHAL (DBTL) Scheme

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For Information / Complaints regarding PMJDY contact at :

1800 180 1111 (Toll Free)

Financial Literacy Centre

Objectives:

The broad objective of the FLCs is to provide free financial literacy/education and credit counseling.

The specific objectives of the FLCs would be:

To provide financial counseling services through face-to-face interaction as well as through other available media.
Education on responsible borrowing ,
Proactive and early savings,
Offering debt counseling to individuals who are indebted to formal / informal financial sectors;
To educate the people in rural and urban areas with regard to various financial products and services available from the formal financial sector.
To make the people aware of the advantages of being connected with the formal financial sector.
To formulate debt restructuring plans for borrowers in distress.
To take up any such activity that promotes financial literacy, awareness of the banking services, financial planning and amelioration of debt-related distress of an individual.
To make people aware of the social security schemes available and help them to utilize the benefits of the schemes like pension, health insurance etc.,

Role of FLCs Counselor:

Counselors have to conduct Literacy Camps at villages, schools, farmers clubs, social clubs etc.
Educate the public on banking, finance, Govt schemes and guide the public in this filed.
Associate with BLBC, DCC meetings and other Govt Depts for spreading the Financial Literacy.
Address the trainees in the training centers like RSETI, RUDSETI and guide those who come to the centers. Visit 10-12 villages in a month to educate villagers on banking and finance.
Bank neutral job.
Organize Literacy stalls in Melas, large gatherings, meetings social functions etc.

For further detailsClick Here