FLC

Financial Literacy Center

Objectives:

The broad objective of the FLCs is to provide free financial literacy/education and credit counseling.

The specific objectives of the FLCs would be:

  • To provide financial counseling services through face-to-face interaction as well as through other available media.
  • Education on responsible borrowing ,
  • Proactive and early savings,
  • Offering debt counseling to individuals who are indebted to formal / informal financial sectors;
  • To educate the people in rural and urban areas with regard to various financial products and services available from the formal financial sector.
  • To make the people aware of the advantages of being connected            with the formal financial sector.
  • To formulate debt restructuring plans for borrowers in distress.
  • To take up any such activity that promotes financial literacy, awareness of the banking services, financial planning and amelioration of debt-related distress of an individual.
  • To make people aware of the social security schemes available and help them to utilize the benefits of the schemes like pension, health insurance etc.,