A proper schedule for such programmes may be prepared and RBI would extend all possible assistance to such initiatives by banks. Financial Literacy and Credit Counseling centers are being set up at district levels, the functioning of these FLCCs should be monitored closely by controlling heads of banks and necessary guidance should be provided.
FLCCs should not function only at their office but they need to step out at rural markets, gram sabhas and schools to educate people about financial products. Looking at the banking statistics for the past five years it is observed that there is a gradual reduction in CD ratio.