Reserve Bank of India (RBI) will conduct Financial Literacy Week (FLW) for the year 2020 from February 10 to February 15 on theme of ‘Micro, Small and Medium Enterprises’ (MSMEs) in across the Country including Jharkhand.
Addressing a press meet on Monday at RBI’ Regional Office in the State Capital, General Manager, RBI, Ranchi, Sanjiv Dayal said that the bank will celebrate the awareness week to spread awareness among people about MSME sector. “MSME Sector has been identified as focus area this year as it plays a vital role owing to its linkages in the Indian Economy.
The Government ofIndia and RBI have undertaken various measures for orderly growth of the sector,” he added.
RBI has been conducting 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.
Dayal said that through the programme the bank will spread awareness among masses aspects relating to formalization, collateral free loan, discounting of receivables, rehabilitation of stressed units and timely repayment. “Banks have been advised to disseminate the information and create awareness among its customers and general public. Further, RBI will undertake a centralized mass media campaign during the month of February 2020 to broadcast essential financial awareness messages to MSME Entrepreneurs,” he added.
Speaking on the occasion Assistant General Manager, Rajesh Tiwary said that there are very few people know about the programmes running by the nationalized banks in the Country.
It will be our endevour to reach to a wider section of the population during the programme, the banks will put up posters in Hindi and English language at every important places including the branches of PSBs. The posters in the local languages will also be provided,” he added.
Tiwary further said that the financial literacy camps will also be conducted on each of the five days specially targeting MSMEs entrepreneur. The State Level Banking Committees (SLBCs) and Union Territory Level Bankers Committee (UTLBC) convener will promote the event at State, Districts and Blocks, he added.
“Four different kinds of videos regarding promoting the programme will also be run at various places. Doordarshan will also run the videos,” said Tiwary.
