As part of its endeavour to spread financial awareness among the masses and to introduce every individual to the formal financial system, the Reserve Bank of India (RBI), Shillong, today organised a ‘Field Level Financial Literacy Event’ (FLFLE) in Mairang, Eastern West Khasi Hills, which was attended by Block Development Officer CP Mawkon, General Manager and Officer in charge RBI, Shillong, P Gangte, bankers, government officials, self-help group (SHG) members, individual entrepreneurs and others.
The day’s programme featured sensitization by banking officials on topics including the roles and functions of the RBI, grievance redressal mechanism in banking, precautionary measures against various financial frauds and the way forward on cashless economy, digital banking, etc.
During the event, banks including State Bank of India and Punjab National Bank set up counters for registration in social security schemes as well as counters for soiled notes exchange.
Loan sanction letters worth over Rs 1 crore were also handed over to individual entrepreneurs and SHGs of the district during the programme.
