Reserve Bank of India Deputy Governor Swaminathan J emphasizes the importance of State-Level Bankers' Committees in promoting financial inclusion and digital literacy, urging better coordination with government bodies and NGOs.
Reserve Bank of India Deputy Governor Swaminathan J highlighted the crucial role of State-Level Bankers' Committees (SLBCs) in promoting financial inclusion and digital literacy. He called for SLBCs to improve coordination with government bodies and NGOs, which could enhance credit planning and digital financial literacy, thus creating a more inclusive financial ecosystem. This initiative aligns with the RBI's goals to deepen financial inclusion and expand credit availability to marginalized sectors, such as MSMEs and agriculture.
June 24, 2024
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