KAU organises financial literacy programme for farmers in collaboration with RBI and lead bank

The programme was conducted as part of the Experiential Learning Programme of the final-year B.Sc. (Hons.) Co-operation & Banking students with the objective of disseminating financial literacy among farmers

Source

The Hindu — National →

Quick Revision

Prelims-testable facts

01The Reserve Bank of India (RBI) collaborates with lead banks to promote financial literacy among rural populations.
02Financial Literacy Centres (FLCs) are set up in collaboration with NGOs and sponsor banks, catering to about 3 blocks each.
03Camps for financial literacy are conducted for individuals aged between 18-60 years, free of cost.
04The RBI's Financial Inclusion and Development Department collaborates with lead bank offices to promote financial awareness and responsible behaviour.
05NABARD (National Bank for Agriculture and Rural Development) and RBI have undertaken various interventions to promote financial literacy among rural populations.
06Centres for Financial Literacy (CFLs) are established at the block level, aiming to enhance awareness of microfinance borrowers.

Trap alerts

Most people think that financial literacy programmes are only conducted by NGOs, but actually they are also implemented in collaboration with government institutions like RBI and lead banks.
Most people think that financial literacy camps are only for adults, but actually they are conducted for individuals aged between 18-60 years.

Mains Practice Question

Critically examine the importance of financial literacy among farmers and its implications for rural economic development.

250 words

Practice this in the exam hall →

Prelims Practice MCQs

Single facteasy

The KAU organises a financial literacy programme in collaboration with which bank?

A.RBI
B.SBI
C.Punjab National Bank
D.Canara Bank

The Reserve Bank of India (RBI) is a key partner in the KAU's financial literacy programme for farmers, supporting the dissemination of knowledge on financial management and planning.

Single factmedium

What academic discipline are the students participating in the Experiential Learning Programme pursuing?

A.B.Sc. (Hons.) Co-operation & Banking
B.B.A. Economics
C.B.Com.
D.MBA

The Experiential Learning Programme is part of the B.Sc. (Hons.) Co-operation & Banking curriculum, providing students with hands-on experience in financial literacy and rural development.

Single facthard

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