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:
India is preparing for a major shift in its trade and automobile policy. As negotiations…
The 77th Republic Day Parade in New Delhi became a unique blend of history, art,…
The Government of India Act, 1935 marked a major constitutional experiment under British rule. Enforced…
India marked its 77th Republic Day with a spectacular parade that blended military strength, cultural…
The Beating Retreat Ceremony is a grand military tradition that marks the formal conclusion of…
The 42nd Constitutional Amendment Act, 1976 is one of the most significant changes ever made…