The Reserve Bank of India (RBI) will conduct the “Financial Literacy Week 2020” from February 10 to February 14, 2020. The theme of the Financial Literacy Week 2020 is “Micro, Small and Medium Enterprises (MSMEs)”. This year India’s central bank is focusing on the Micro, Small and Medium Enterprises. The Financial Literacy Week 2020 will aim to aware people about the formalisation, collateral free loan, discounting of receivables, rehabilitation of stressed units and timely repayment.
RBI has advised the banks to circulate the information and create awareness among its customers and general public. A centralized mass media campaign will also run by the RBI during the month of February 2020 to broadcast essential financial awareness messages to MSME Entrepreneurs.
Financial Literacy Week (FLW) is being conducted by the Reserve Bank of India (RBI) every year since 2016 to disseminate financial education messages on a particular theme across the country.
Important takeaways for all competitive exams:
- RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.