Financial Literacy Week begins capacity building is very much necessary: Governor

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Imphal: Governor Dr. Najma Heptulla inaugurated the Financial Literacy Week organised by Financial Inclusion and Development Department, Reserve Bank of India, Imphal, today, at Imperial Hall, Classic Grande, Chingmeirong. The programme is organised as a part of Financial Literacy Week (FLW) to be observed from June 5-9, 2017, hoisted by Reserve Bank of India across the country.

Shri T. Hauzel, Chief Manager, Reserve Bank of India, welcoming the gathering said that the main aim of observing the week is to spread awareness of the need for financial literacy specially among the financially excluded masses and that the week will be observed under 4 (Four) themes – Know your Customer, Exercising Credit Discipline, Grievance Redressal and Going Digital in line with the prevailing Economic Environment. Awareness will be given through posters in bank branches, ATMs and websites of banks, he added.

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Addressing the gathering as Chief Guest, Governor of Manipur, Dr. Najma Heptulla expressed her happiness to be a part of the observance but dismayed at the low presence of women of the State who are very much involved in economic and financial activities and have the largest Womens’ Market in the World, i.e., Ima Market. Womenfolk of the State are active in economic activities and enjoy economic freedom unlike women in other parts of the country. She put forth that outsiders attending the week long observation should visit the market to know the activities of the women of the State.

Reminiscing her involvement in promotion amongst women in opening of small Savings Account in Post Offices to make them economically independent, she invited the attention of the Bank personals to inculcate the habit of small savings for sound financial management among the dynamic and enterprising women of the State who form a regular source of income for their families. Capacity building is very much necessary to make the people know the various funding in rural as well as urban areas. She also put a word of caution about the modern technology being misused and that people in rural and urban areas should be made aware of the fraudulent activities that are prevalent now-a-days.

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The governor said that banks should come forward to develop entrepreneurial skill and provide finance for viable and sustainable micro, small and medium enterprises which creates jobs and local employments. She also added that bank should extend necessary assistance for mobilizing the untapped potentials of the State for job creation especially in areas of agro-based enterprises, tourism etc.

Manipur is very rich in bio-resources specially in two areas i.e., traditional plant and floriculture. Bank should join hands and co-operate with experts to help in capacity building of the people to promote financial activities by giving loan and the use and repayment of the loan. Tourism is also another field where financial support can be given to generate more opportunity for people to come to Manipur, she added. She invited attention of the Reserve Bank of India to take lead in ensuring to achieved the overall objective of a financially educated population in the State with people engaging in fruitful economic activities.

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A booklet on Financial Awareness Messages (FAME) was also released by Governor Dr. Najma Heptulla as part of the inaugural function. Representatives of NABARD, Reserve Bank of India and officials of various banks also attended the inaugural function. A video on Financial literacy was also screened. (DIPR)

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