By Our Reporter
SHILLONG, Sep 29: In keeping with its annual activity of furthering financial literacy and creating awareness among the general public, the Reserve Bank of India (RBI) conducted a Field Level Financial Literacy Event (FLFLE)-cum-Financial Inclusion Saturation Camp has been conducted at Mawsynram Border Area College, Mawsynram, on Friday.
The FLFLE was inaugurated by the Deputy General Manager (DGM) in the Financial Inclusion and Development Department (FIDD) of RBI, Hangsha Dhar Daimari, at Mawsynram Border Area College. It was also attended by Prakash Lamsal, Branch Manager of SBI Mawsynram; P Kharkongor, Branch Manager of MCAB Mawsynram and Principal of Mawsynram Border Area College along with other participants such as villagers and local village representatives.
Addressing the gathering, Daimari highlighted that the foundation of sound financial behaviour rests on planning of finances and preparing personal budgets enabling better financial decisions and preparing for unforeseen contingencies and emergencies. He also shed light on the increased use of the digital financial services and emphasised that though digital financial services are convenient and time saving, the same is to be used prudently to prevent scams, frauds, unauthorised use of data etc.
Kharkongor, the Branch Manager of MCAB Mawsynram, appreciated the initiative of the RBI in promoting the financial literacy in Meghalaya and urged the bankers to apprise the rural folks about the benefits of availing credit, including KCC, wherein state government has taken measures to provide full interest subvention to the borrowers.
He welcomed the officials and participants and stated the logic and purpose of observing Field Level Financial Literacy Event and other efforts of RBI to further financial literacy and inclusion.
Officials of RBI, Shillong made a detailed presentation sensitising the participants on the need and benefits of financial planning and budgeting, importance of enrolment in Social Security Schemes, Re-KYC, usage of UDGAM Portal, MANI App, precautionary measures against spurious emails, SMS and phone calls from fraudulent companies/individuals, grievance redressal mechanism in the banking system including the Banking Ombudsman Scheme, Ombudsman Scheme for NBFCs, Ombudsman Scheme for Digital Transactions, the need for maintaining credit discipline, new developments in the field of digital transactions, viz., UPI, BHIM, USSD, etc.
A quiz session on the topic was also held at the end of the session.
