AFLC conducted a Workshop on Financial Literacy at IIMC, Dhenkanal.

AFLC conducted a Workshop on Financial Literacy at Indian Institute of Mass Communication ( IIMC), Dhenkanal on 24 August 2017. It was a proud moment for AFLC as it conducted the 2 ½ hour program in the Silver Jubilee Year of the Institute.

The Program was conducted by D.Mishra, former CGM, RBI , Shri T.Maharana, former CGM, NABARD and Shri S. Choudhury , former General Manager of RBI.

At the outset, a video styled “Why Financial Literacy?” was shown. It may be mentioned that to this basic question put by a business school student in the Seminar on Financial Literacy and Financial Inclusion organised by AFLC on 19 March 2016, Shri P. Krishnamurthy, former PCGM , RBI , a panellist did explain brilliantly the need for financial literacy in a society.

In the workshop, the speakers discussed and provided valuable inputs on importance of budgeting, saving, Credit discipline, KYC norms, Currency Management, moving towards “Less Cash” society, Cyber Frauds , Grievance redressal system, Banking Ombudsman Scheme, Sachet website, Financial Inclusion : Informal Lending System and SHG; explained significance of compounding of interest, Rule of 72.

In all, 65 students and 11 officials/ faculty members participated in the Workshop.

A Souvenir brought out by AFLC on 24 July 2017, during the “State Level Seminar on Digital Financial Literacy for All”, covering useful, informative articles on banking, finance and brochure on BHIM ( published by NPCI) were distributed to participants.

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