Reserve Bank to launch financial literacy drive in Nine states

Reserve Bank of India is soon going to launch a financial literacy drive in 80 blocks in 9 states on a pilot basis to educate people on e-transactions, formal sector borrowings and insurance purchases.

6 NGOs registered with the Depositor Education and Awareness Fund — CRISIL Foundation, Dhan Foundation, Swadhaar Fin Access, Indian School of Micro Finance for Women (ISMW), Samarpit and the PACE Foundation — have been selected to execute the pilot project in collaboration with banks.