Addressing a public meeting at Changki village in Mokokchung district in Nagaland on Wednesday, the RBI executive director said, "The RBI has been taking up several programmes to financially educate people in the rural areas of the country since its platinum jubilee celebrations in 2009-10. It has already organized outreach camps that focus on the importance of financial literacy for financial inclusion in 218 villages across the country so far."
He said financial literacy has become very important now due to advancement of science and technology in the past five or six years. "Science and technology play an important role in the financial sector these days. So, the basic purpose of our outreach camps is to bring awareness amongst the people regarding the new banking facilities available in banks. It is also an attempt to make these facilities available to every adult citizen in the target area and bring them under the fold of mainstream banking," Das said.
The RBI's financial outreach camp, which is being held at Orija Salang in Changki, is the third such programme in the state after the ones held at Khonoma village in Kohima district and Chumukedima in Dimapur district in 2009 and 2011 respectively.
"Inflation has become a major problem in India mainly due to the mismanagement of demand and supply. The RBI is trying its best to keep a balance between the demand and supply to control inflation in the country," he added.