Interest accrued on motor accident compensation will no longer attract TDS See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax See 'Corp Brief') Tax certainty for non-resident individuals See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

RBI revises funding limits for financial literacy camps

Published: Jul 14, 2017

By TIOLCORP News Service

NEW DELHI, JULY 14, 2017: THE Reserve Bank of India (RBI) had previously issued a circular on policy review of guidelines for Financial Literacy Centres (FLCs) and rural branches of banks. In terms of this circular, banks were advised that FLCs and rural branches are eligible for funding support from the Financial Inclusion Fund (FIF) for the financial literacy camps to the extent of 60% of the expenditure of the camp subject to a maximum of ? 15,000/- per camp.

Now, the FIF Advisory Board has, upon review, revised the funding support available to banks to the extent of 60% of the expenditure of the camp subject to a maximum of ? 5,000/- per camp.

Further, in order to improve the effectiveness of the financial literacy camps, it has been decided to encourage FLCs and rural branches of banks to use hand held projectors to show Audio-visuals and posters on financial awareness messages. Funding for handheld projectors and speakers would be provided from FIF to the extent of 50% of the cost incurred on purchase of hand held projector and portable speaker (both put together) subject to a maximum of ? 5000 per rural branch / FLC on a reimbursement basis.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.