FINANCIAL LITERACY ACTIVITIES

FINANCIAL LITERACY ACTIVITIES

• Supported By:
  DEAF of RBI, Canara Bank, Union Bank of India and Indian Bank
• Activity Conducted:
  Financial Literacy Camps in villages through 101 CFLs in AP & Telangana States
• Date of Program:
  August 2021 till now
• Place of Program:
  3236 Villages of 303 Mandals of Kurnool, Nandyal, Tirupati, Nellore, Prakasam, Bapatla, Palanadu, Guntur, NTR, Krishna, Eluru, West Godavari, East Godavari, Konaseema, Kakinada, Anakapalli, Visakhapatnam, ASR Paderu, Parvathipuram, Vizianagaram, Srikakulam, Jogulamba Gadwal, Wanaparthy, Nagar Kurnool, Yadadri Bhuvanagiri, Sangareddy, Kamareddy Districts of Andhra Pradesh and Telangana States
• No. of Beneficiaries:
  641169
• Programs:
  22707 FL Camps
• Objectives of the CFL Project:
  • Inculcate the habit of making a household budget and recording financial transactions
  • Encourage transactions in Savings Account
  • Encourage Active saving by depositing in banks through Fixed Deposits/Recurring Deposits
  • Ensure people borrow from formal finance institutions wherever required
  • Create Awareness about Grievance Redress mechanism in banks and Banking Ombudsman
  • Encourage Transactions through Electronic means viz. NEFT, RTGS, IMPS, Internet Banking, Mobile Banking, UPI (Unified Payment Interface) etc.
  • Encourage people to get Social Security Schemes like PMJDY, PMJJBY, PMSBY, APY, SSY etc.., after they fully understand the features of the Schemes
  • Create Awareness about Ponzi Schemes, MLM Frauds, and Cyber Crimes etc..,
  • Create Awareness about Loans like KCC Loans, Mudra Loans, Stand up India Loans, Education Loans etc..
  • Create Awareness on timely repayment on Loans and maintain CIBIL score
• Types of Interventions:
  • Street Corner Meetings / Audio Trainings
  • Small Group Meetings / Class Room Trainings / Audio-Visual Trainings
  • Village Level Awareness Meetings / Awareness Linkage Camps
  • Kalajatha Cultural Programs / Street Play
  • Walk in Work site Meetings
  • Household / One to One Discussions
  • Distribution of IEC Material
  • Handholding to Banks / Offices
• Other Activities:
  • Capacity Building – ToT to CFL Counselors by SST
  • Capacity Building – ToT to CFL Counselors by RBI & CAB financial Inclusion
  • Credit Outreach Programs
  • Nation-wide Intensive financial Awareness Campaign of RBI
  • Celebration of Financial Literacy Week