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image   (Centre for Financial Literacy) - CFL

CFL (Centre for Financial Literacy) : One of the milestones of the National Strategy for Financial Inclusion (NSFI: 2019-2024) is to expand the reach of CFLs to every block of the Country. RBI has allotted total 97 centers to our Bank in 27 Lead Districts across 7 states where we have Lead Bank responsibilities.

The CFLs will be established by the NGOs selected by RBI and those NGOs will take up spreading Financial Literacy in 3 Blocks attached to each centre. We have given suitable instructions to the field functionaries for establishment and operationalization of the CFLs, as per the directions issued by RBI from time to time.

Out of total number of 97 CFLs, all 97 CFLs are being operational and details about allotted NGOs is furnished below:

 

Sl. No.

Name of the Implementing Agency/NGO

Remarks

1.

M/s Society for Social Transformation (SST)

  • AP State - 30 locations.
  • Telangana State - 10 locations.

          No. of CFL locations

40

2.

M/s Voluntary Integrated Development Society (VIDS)

  • Telangana State - 19 locations.
  • Odisha State - 7 locations.

          No. of CFL locations

26

3.

M/s DHAN Foundation

  • Kerala State - 3 locations.
  • Odisha - 2 locations.

         No. of CFL locations

5

4.

M/s Swadhaar Finaccess

  • Bihar State - 6 locations.

6

5.

M/s Aparajitha Mahila Sangh (AMS)

  • Madhya Pradesh State - 6 locations.

6

6.

M/s Aroh Foundation

  • Uttar Pradesh State - 14 locations.

14

           Total No. of CFL Locations

97