Mission and Objective

Mission

To promote financial inclusion and to enhance financial literacy for all across the country.

Objectives

(A) FINANCIAL INCLUSION

To facilitate availability of financial services to all, especially the weaker sections of society.

To promote access of institutional credit to priority sector including small farmers, micro-entrepreneurs, street vendors, craftsmen and artisans, etc.

To ensure that that speeding up financial inclusion does not hurt the intended beneficiaries or the finance sector.

To aid regulation while ensuring protection of interests of finance sector players.

To make financial inclusion attractive for the finance sector.

To interact regularly with players in the finance sector to sensitize them about the imperative of financial inclusion and apprise them of its benefits.

To open bank accounts of students, street vendors, small farmers, craftsmen, people living in far flung and tribal areas etc.

(B) FINANCIAL LITERACY

Since investor education is an integral part of financial inclusion, the centre will strive to enhance financial literacy in society by multi-disciplinary and time bound action plan. The focus of the strategy will be on small investors.

To organize workshops, seminars, symposia, etc., to promote financial inclusion.

To organize special short term courses for business correspondents.

To conduct research, surveys, etc., on financial literacy.

To devise innovative ways so that ICT could be better used to promote financial inclusion.

To supplement Government efforts for financial literacy in accordance with Government objectives.

To bring out periodicals, brochures, handouts etc. in English, Hindi and other major Indian languages.

To produce jingles, short films, documentaries etc. for TV channels.

To sensitise Government publicity units like DAVP, SDD, FPU etc. for promotion of financial literacy.

Any other activity in consonance with the Mission that the Centre may deem fit

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