Total number of Financial Literacy Centres in Haryana – 119

All segments of the society need financial literacy in one form or the other. However, considering that a large segment of our society is financially excluded, financial literacy programs, at present, should primarily focus on the individuals who are vulnerable to persistent downward financial pressures due to lack of understanding in the matters relating to personal finance. Financial inclusion is a key agenda of the Government. If financial inclusion is to be achieved, financial literacy has to be addressed first. It creates demand for financial products & services. It would help banks to capture the untapped business opportunities.

Financial Literacy Centres (FLCs) and rural branches of banks are in forefront of financial literacy. Farmers, micro and small entrepreneurs, schoolchildren, SHGs, senior citizens etc. are target groups. Different stakeholders 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 etc. are adherents. The Financial Literacy Counsellor/Director heading the Financial Literacy Centre is the key stakeholder in driving the financial literacy initiatives at the ground level.

A major thrust has been given to the development of rural sector. The FLC Councillors and R-SETI Directors have to play a vital role in the development of rural sector by spreading financial literacy and training people in self-employment. It is therefore suggested that whenever district level meetings are held, the FLCC in-charges should also be invited so that during their field movement, they can percolate information to the people.

NABARD provides grant to RRBs & Co-operative Banks for setting up FLCC at district level. Regional Rural Banks & Co-operative Banks are requested to inform the progress of such centres to SLBC on monthly basis.

Bank wise FLCs in Haryana

Name of BankNo. of Sponsored FLCs
Axis Bank Ltd.1
Bank of Baroda2
Bank of India1
Canara bank7
Canara Bank3
Central Bank of India7
HDFC Bank Ltd4
ICICI Bank Ltd.4
Indian Bank2
Punjab & Sind Bank5
Punjab National Bank31
State Bank of India20
Sarav Haryana Gramin Bank28
UCO Bank2
Union Bank of India2

District wise FLCs in Haryana         

Name of DistrictNo. of Sponsored FLCs
Haryana State119

Apart from this 13 FLCs are being sponsored by HARCO Bank in the following District/Block: Ambala, Naraingarh, Charkhi Dadri I, Charkhi Dadri II, Tosham, Sahlawas, Assand, Thanesar, Barwala, Morni Hills, Nathusari Chopta, Kathura, Chachurali.

Reserve Bank of India has conveyed it decision to expand the Centres for Financial Literacy (CFLs) to every block in the country in a phased manner by March 2024 and implement the phase 1 of scaling up of Centres for Financial Literacy (CFLs) project at 181 CFLs with funding support of Depositor Education And Awareness Fund (DEAF) of RBI/Financial Inclusion Fund (FIF) of NABARD.  PNB has initiated 20 and Canara Bank has initiated 3 CFLs in various bocks of Haryana, which have been set up in collaboration with CRISIL Foundation (NGO earmarked for the same).

There are 10 CFLs (Centre for Financial Literacy):