Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country. FLW 2018 and FLW 2019 were focused on “Consumer Protection” and “Farmers” respectively. The theme selected for current year FLW is “Micro, Small and Medium Enterprises (MSMEs),” which will be observed from February 10 to February 14, 2020.
Focus of MSME theme will be on creating awareness about aspects relating to formalisation, collateral free loan, discounting of receivables, rehabilitation of stressed units and timely repayment. Banks have been advised to disseminate the information and create awareness among its customers and general public. Further, RBI will undertake a centralized mass media campaign during the month of February 2020 to broadcast essential financial awareness messages to MSME Entrepreneurs.
(Source: www.rbi.org.in)
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