How To Lower My Debt And Increase My Savings?
December 11, 2024
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The Reserve Bank of India (RBI) has declared February 14 to 18 as financial literacy week in order to promote financial education among the public. The program is aimed at educating the general public on the importance of financial literacy and the launch of ” Go Digital, Go Secure “ in India
Now-a-days, the government is taking the initiative to make India a digital country. As a result of the new technology and the clever working of our experts, all our services will be available digitally for our customers, with enhanced technology and secure communication.
This theme is one of the financial strategic objectives of the National Strategy for Financial Education 2020-2025. The main focus for the introduction of this theme in the year 2022 was to spread awareness about:
RBI recently released a few agendas and statements whereby it said, “Banks have been advised to disseminate information and create awareness among their customers and the general public.” Further, RBI will undertake a mass media campaign during the month of February 2022 to disseminate essential financial awareness messages to the general public,”
Since 2016, the Reserve Bank of India has been implementing financial education messages on a particular theme every year across the country, through a focused campaign. The reason
Facts About Financial Literacy Week You Need to Know
- The launch of Financial Literacy Week was started in the year 2016
- The purpose of initiating this campaign was to spread financial awareness among the citizens of the country.
- RBI conducts various activities along with rigorous media campaigning to spread awareness.
- In the year 2021, the theme of the financial literacy week was “Credit discipline and credit formal institutions.”
- However, in 2020, the theme of Financial Literacy Week was ‘Micro, Small and Medium Enterprises’.
- In the year 2019, it focused on ‘Farmers’ while in the year 2018 it focused on ‘Consumer Protection’.
With the same motivation, SingleDebt is also working towards providing knowledge of financial literacy with the belief that all citizens of India should have a level of financial understanding. According to our research, the majority of people are not aware of their monetary rights or are not knowledgeable about using money in the right way, and falling victim to fraud, scams and theft, or just not obtaining a good deal with a loan provider. With our Financial literacy program, we provide knowledge and understanding about how to manage your finances, maintaining your bank accounts, understanding credit, building your credit score, fraud awareness, handling calls from collection agents, and a guide to finding a lower interest rate account. To know more about our literacy program, read our blogs on our website and explore the world of finance in more detail.
If you are struggling with repayment of debts, the last thing that will hit the course is to stop paying them. This can lead to recovery agent harassment and severely affect your credit score. If you feel you are not in a position to repay your EMI’s, a debt solution is always available. A debt solution program with us will give you an affordable Debt Management plan so you can repay your debts and live stress-free. Contact SingleDebt on +91 961 910 3594 or fill out the form either on the home page or contact page
