The scholars are anticipated to provide you with inventive methods to propagate monetary literacy among the many youth in order to empower them to have interaction in accountable monetary behaviour and take knowledgeable monetary selections.
The central financial institution, which is observing the Monetary Literacy Week (FLW) 2024 from February 26 to March 1, 2024 on the theme “Make a Proper Begin – Develop into Financially Good”, stated contributors are required to submit the ideation paper on the topic ‘Cash Issues for Younger Adults: Rethinking Outreach Methods in as much as 2,000 phrases. ’
- Additionally learn: RBI imposes ₹2 crore penalty on SBI; additionally fines Canara Financial institution, Metropolis Union Financial institution
“The target is to extend consciousness on some great benefits of inculcating monetary self-discipline from an early age with inputs on saving, budgeting, energy of compounding, banking necessities and cyber hygiene,” RBI stated.
Entries for the Ideathon could be submitted from February 26 – March 20, 2024. Prizes shall be awarded to the highest three submissions — first prize: ₹1 lakh; second prize: ₹75,000; and third prize: ₹50,000.
“Contributors retain the rights to their submissions, however RBI may have the permission to make use of their concepts for implementation functions,” the central financial institution stated.
#RBI #pronounces #Monetary #Literacy #Ideathon