Shillong, Sep 29: Reserve Bank of India (RBI) has been conducting Field Level Financial Literacy Event (FLFLE) every year to further financial literacy and to create awareness among the general public.
In continuation of the same, FLFLE cum FI Saturation Camp was conducted on September 26 at Mawsynram Border Area College.
The event was inaugurated by Hangsha Dhar Daimari, DGM FIDD, RBI Shillong in the presence of Prakash Lamsal, Branch Manager of SBI Mawsynram, P. Kharkongor, Branch Manager of MCAB Mawsynram and Principal of the college, villagers and local village representatives.
Addressing the gathering, Daimari highlighted 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 emphasized 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 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.
Officials of RBI, Shillong made a detailed presentation sensitising the participants on the need and benefits of financial planning and budgeting, importance of enrollment 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.
