Deputy GM, RBI Guwahati, S Nidar
Dimapur: Reserve Bank of India (RBI) Guwahati, conducted a ‘financial literacy camp’ at Patkai Higher Secondary School, Chumukedima, on Wednesday, where around 300 students participated in the programme.
General Manager (Rural Planning & Credit Dept), RBI Guwahati, D Sethy in his opening remarks said the objective of the camp is to create awareness on financial and banking related matters among students, who will in turn help in spreading financial literacy to other people. Sethy said that though India achieved her Independence in 1947, yet 60% of the country’s population still do not have bank accounts. He said this was mainly due to ignorance about banking and services provided by banks.
Highlighting on the importance of financial literacy in achieving financial inclusion, the GM also briefed on the various functions and responsibilities of RBI including inflation and currency management, foreign exchange reserves, import-export and agriculture credits. Further, Sethy also stressed on the need to include banking in school curriculum.
Deputy GM, RBI Guwahati, S Nidar, dwelled on salient features of genuine bank notes and how one can differentiate between genuine and fake notes. RC Bal, AGM and O Marchang, AGM, spoke on the topic “financial literacy and financial inclusion.” Farida Ahmed Haque, AM, RBI, spoke on matters relating to foreign exchange and Abbas Udin, AM, highlighted on non-banking financial institutions and advised students not to be lured by ‘fly by night operators’ who offer high rate of interest on deposits.
Earlier, principal PHSS, Zhatsu, in her welcome address appreciated the RBI officials for conducting the financial training camp in the school and expressed optimism that the camp would go a long way in inculcating banking habits among the students.