The Reserve Bank of India is planning to cover all households having any photo ID cards for opening ''no frills account'' by March next year. The Central bank targets at least 50 per cent of these accounts to be made operational by encouraging the account holders to avail credit as well as the other benefits. The bank targets around 8,000 villages with at least 2,000 population to bring the households under the scheme.
Moreover, RBI is planning to initiate a programme to impart financial literacy to students to enable them understand the financial system. RBI will be launching the project in the Karnataka.
Moreover, RBI is planning to initiate a programme to impart financial literacy to students to enable them understand the financial system. RBI will be launching the project in the Karnataka.
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