General Studies · Financial Literacy Initiatives
According to the RBI guidelines on financial literacy, what is the frequency and specific target group for the 'Special Camps' that rural branches of banks must conduct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rural branches must conduct two camps every week for the digital payment illiterate population using the 'Going Digital' posters provided by the RBI.
- 2Rural branches are exempt from conducting camps if they have achieved 100% PMJDY coverage in their service area.
- 3Rural branches must conduct one special camp per month specifically for the group consisting of farmers, micro and small entrepreneurs, school children, senior citizens, and members of SHGs.✓
- 4Rural branches must conduct one special camp every quarter for school children to promote the habit of savings.
Correct answer
Rural branches must conduct one special camp per month specifically for the group consisting of farmers, micro and small entrepreneurs, school children, senior citizens, and members of SHGs.
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