Reserve Bank of India Launches Scheme to Promote Original Hindi Books on Economics, Banking, and Finance

The Reserve Bank of India (RBI) has launched a special scheme to promote original book writing in Hindi on topics related to economics, banking and finance. This initiative encourages professors and academicians in India to write books in Hindi and share their knowledge with a wider audience. The scheme offers recognition and financial reward for high-quality Hindi publications.

Purpose of the Scheme

The main goal of this scheme is to encourage Hindi-language research and writing in important subjects like economics, banking and finance. RBI wants more academic content to be available in Hindi so that financial knowledge can reach people in their own language.

Who can Apply for the Scheme?

This scheme is meant for:

• Working or retired professors
• Assistant and Associate Professors
• From universities recognized by the University Grants Commission (UGC) in India.

These individuals must have written a book in Hindi on economics, banking or finance.

Key Rules and Eligibility

• The book must be originally written in Hindi, not a tradition.
• The subject should be related to economics, banking or finance.
• The book should have at least 20 pages.
• Only books published between April 1, 2024 and March 31, 2025 will be accepted.
• The last date to apply is June 30, 2025.
• If someone wins this award for two years in a row, they must wait for one year before applying again.

Prize Details

Each year, the RBI will choose three best entries and award Rs.1,25,000 each to the winners. This prize is a way to honor and support those who are spreading financial knowledge in Hindi.

How the Books will be Judged?

The evaluation of submitted books will be based on two main factors:

• 60% marks for the quality of the content
• 40% marks for language and writing style

A special committee will review the books. The committee includes:

• Two professors from economies, banking or finance
• One professor from Hindi literature or linguistics
• Officials from the Reserve Bank of India

Significance of the Scheme

• It promotes financial literacy in Hindi.
• It helps increase academic work in regional language.
• It supports RBI’s goal to make economic knowledge more inclusive by encouraging the use of Indian languages.
• It also builds a bridge between economics and language, helping common people understand complex topics easily.

Related Development

In June 2025, RBI also launched the 2024-25 round of its annual survey on Foreign Liabilities and Assets (FLA) of Mutual Funds and Asset Management Companies. This shows that RBI is not only encouraging Hindi writing but is also staying active in financial data collection and analysis.