Thursday 26 May 2022
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MHRD launches Financial Literacy Campaign

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New Delhi: As announced by सिर्फ़ News yesterday, Minister for Human Resource Development Prakash Javadekar launched ‘Vittiya Saksharata Abhiyan’ (Financial Literacy Campaign) in New Delhi today. Pursuant to Prime Minister Narendra Modi’s appeal to youth in ‘Mann Ki Baat’ for creating awareness among people about the new-age digital economy and cashless modes of transactions, the minister appealed to the faculty and especially young students to come forward and join the campaign to encourage, create awareness and motivate all people around them to use a digitally enabled cashless economic system for transfer of fund.

Speaking through a video conference with all higher education institutions held at the National Informatics Centre’s headquarters today, the minister said that the country was undergoing a transformational switch to a digital economy. The youth, he said should not only witness the change but also proactively participate in it by becoming agents of change. The minister emphasised that technology could be leveraged to bring financial digital literacy and move a step towards a digital economy.

financial literacyThe minister also appealed to higher education institutes to accept no payment in cash (fee/fines/deposits) and pay nothing in cash (wages/salaries/vendor payments) and develop a cashless campus (covering shops/canteens/services). He called upon young students, who could adapt to technology easily and quickly, to educate others to enhance digital financial literacy in society.

Javadekar also suggested that the NCC/NSS volunteers could spread awareness about these digital modes of transactions among shopkeepers and vendors in the nearest market place. The minister launched a web page where students can register themselves, give continuous feedback and suggestions on the initiative as well as upload the progress of their work.

During the presentation, the minister cited different modes of digital payment like pre-paid cards, debit cards/RuPay, Unstructured Supplementary Service Data (USSD), mobile wallet, Aadhar Enabled Payment System (AEPS), Unified Payment Interface (UPI) and point of sale (physical/virtual) and appealed to all students to “go digital”. He insisted that these digital platforms were easy to use, convenient, secure and anytime accessible by anyone anywhere.

Minister of State of Mahendra Nath Pandey, CEO of Aayog Amitabh Kant, secretary in the Department of SE & L Anil Swarup, additional secretary (TE) in the Department of HE R Subramanyam and director general of NIC Neeta Verma were present on the occasion along with other senior officials of the MHRD.

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