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Details on Financial Literacy Centres (FLCs)

Details on Financial Literacy Centres (FLCs)

 

WRITE UP ON FINANCIAL LITERACY CENTRES

 

Formation of Canara Financial Advisory Trust (CFAT):

  1. Bank has set up Canara Financial Advisory Trust (CFAT) in 2010 for spreading financial literacy through Financial Literacy Centers.
  2. CFAT is headed by Principle trustee (retired GM of our bank).
  3. Trust is functioning since October 2010.
  4. There are seven Trustees in the trust.
  5. FLCs are Managed/ Monitored by the Trust (CFAT).

Financial Literacy Centres:

We are having 72 FLCs across India, out of which 17 FLCs are at District level and 55 FLCs are at Block level. As per guidelines FLCs should try to get on board as many stakeholders as possible at the district/ Panchayat / village level viz.,LDM, DDM of NABARD, LDO of RBI, District and local administration, Block level officials, NGOs, SHGs, BCs, Farmers clubs, Panchayats, PACs, village level functionaries during the conduct of the camps.

  1. 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.,

 

  1. Role of FLCs Counselor:
  • Counselors have to conduct Literacy Camps at villages, schools, farmers clubs, social clubs etc.
  • Educate the public on banking, finance, Govt schemes and guide the public in this filed.
  • Associate with BLBC, DCC meetings and other Govt Depts for spreading the Financial Literacy.
  • Address the trainees in the training centers like RSETI, RUDSETI and guide those who come to the centers. Visit 10-12 villages in a month to educate villagers on banking and finance.
  • Bank neutral job.
  • Organize Literacy stalls in Melas, large gatherings, meetings social functions etc.

 

  1. State wise number of FLCs (List of centers attached as Annexure):

Sl.No.

State

No. of FLCs

Canara bank

PKGB

KGB

1

Karnataka

20

14

10

2

Tamil Nadu

8

 

 

3

Kerala

16

 

 

4

Uttar Pradesh

6

 

 

5

Bihar

1

 

 

6

Delhi

3

 

 

7

Haryana

4

 

 

TOTAL

58

14

10

Canara Financial Advisory Trust is managing the affairs of Canara bank and Pragathi Krishna Gramin bank FLCs.

 

  1. Eligibility for counselor:
  • The FLCs are expected to play a crucial role in assisting and guiding the distressed individual borrowers.
  • Credit counselors should have sound knowledge of banking, law, finance, requisite communication and team building skills, etc.
  • Individuals such as retired bank officers, with domain knowledge in agriculture, ex-servicemen, etc. may be engaged as credit counselors.

 

List of State wise FLCs as on 31.01.2019:

Sl. No.

State

FLC Centre

1

Karnataka

Kolar

2

 

Chikkaballapur

3

 

Chitradurga

4

 

Bangalore Rural

5

 

Hassan

6

 

Davanagere

7

 

Bangalore Urban

8

 

Sira

9

 

T Narasipura

10

 

Hubli

11

 

Hospet

12

 

Shiggaon

13

 

Gokak

14

 

Haliyal

15

 

Ron

16

 

Hosanagar

17

 

Chittapur

18

 

NRpura

19

 

Sindhanur

20

 

Aland (PKGB)

21

 

Basavakalyan(PKGB)

22

 

Chincholi(PKGB)

23

 

Humnabad(PKGB)

24

 

Yadgir(PKGB)

25

 

Mulabagil(PKGB)

26

 

Bagepalli(PKGB)

27

 

Hagaraibommanahalli(PKGB)

28

 

Shimoga (PKGB)

29

 

Devadurga(PKGB)

30

 

Challakere(PKGB)

31

 

Harapanahalli(PKGB)

32

 

Yelburga(PKGB)

33

 

Jagalur

34

 

Sandur

35

Tamil Nadu

Dindigul

36

 

Erode

37

 

Madurai

38

 

Theni

39

 

Tiruppur

40

 

Coimbatore

41

 

Nilgiris

42

 

Pudukottai

43

Kerala

Palakkad

44

 

Malappuram

45

 

Trissur

46

 

Sultan Bathery

47

 

Balussery

48

 

Kunnamangalam

49

 

Irrity

50

 

Athiyannur

51

 

Ithikara

52

 

Veliyanad

53

 

Madapally

54

 

Pampakuda

55

 

Chowannur

56

 

Attapady(Agali)

57

 

Angamaly

58

 

Thodupuzha

59

Uttar Pradesh

Agra

60

 

Aligarh

61

 

Etah

62

 

Kanshiramnagar(Kasganj)

63

 

Mahamayanagar( Hathras)

64

Bihar

Sheikpura

65

Delhi

New Delhi

66

 

West Delhi

67

 

Central Delhi

68

Haryana

Hansi

69

 

Gharunda

70

 

Punhana

71

 

Kanina

72

 

Safidon