RBI conducts Financial Literacy, awareness prog at Kishtwar

Kishtwar: Reserve Bank of India (RBI), Jammu conducted Financial Literacy cum Awareness Program for youth under its periodic program called Financial Literacy and Awareness Programs (FLAP), here Thursday.
Deputy Commissioner, A.S.Rana, was the chief guest on the occasion.
General Manager, RBI, Jammu, A.K.Mattu, Zonal Head, Jammu and Kashmir Bank, K.A. Fazili and other senior officers were present on the occasion.
During the program, General Manager, explained various schemes announced by Government of India, for the overall economic development and prosperity of the people and removal of economic disparities between different regions and classes of people. He also explained various functions of RBI being the sole authority for note issue, banker to banks and Central and State governments, management of public debt, custodian of foreign exchange reserves of the country.
Deputy Commissioner in his address to the participants appreciated the efforts of the RBI in making an outreach to the difficult areas of the state particularly Kishtwar district and urged the students to take advantage of the information being disseminated by the RBI officers.
During the program, various modes of digital payment and different do’s and don’ts to be observed while undertaking digital transactions were explained alongwith complaint redressal system including Banking Ombudsman Scheme, information relating to housing loans, KCCs, Education loans, MSME financing and Mudra Loans.
Students were also asked to stay away from the lure of fake and fictitious offers, acceptance of deposits by unincorporated entities.
A financial quiz program was also organized for the students and prizes were given away to the winners.