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Monday, January 30, 2023

CFL center starts to function for financial literacy in Tripura


BY TC News Desk

Agartala, Dec 30. Satwant Singh Sahota GM of Reserve Bank of India (RBI) Agartala office along with other high officials from RBI Sandipan Chatterjee AGM, Manoj Kulkarni Manager, Argha Banerjee Manager and Alok C. Panigrahi AM have attended in the inauguration programme of CFL center at Dukli under west Tripura District.

The NABARD Tripura Regional Office supported Bagma Agri Producer Company Limited (BAPCL) is one of the implementing partners of CFL project decided by RBI Agartala for the Phase II of the Scaled up CFL Project funded under Financial Inclusion Fund of NABARD.

In course of conversation with the officials of BAPCL, it has informed that a total of ten CFL centers will be started shortly in accordance with the direction of RBI for the benefit of all to get knowledge on financial related issues under the camping called ‘Money Wise’.

Anand Kumar. DGM of Punjab National Bank and Rita Choudhari LDM of NABARD for West Tripura District have attended in the inauguration programme of CFL center and they all appreciated the activities of BAPCL for the benefit of people in the state Tripura by virtue of different developmental projects sponsored by NABARD.

The primary mandate is to establish Money Wise Centers for Financial Literacy (CFLs) in the form of office spaces, to support local banks and stakeholders to drive last-mile financial literacy and inclusion. The company BAPCL has now started to monitor a total of ten CFL centers in eight districts of the state Tripura.

The official source of RBI has informed it the authority has been decided to associate BAPCL organization as one of the implementing partners for the Phase II of the Scaled up CFL Project in compliance with proposal, submitted to RBI Agartala, indicating BAPCL’s willingness to be associated with the CFL Project in connection with its scaling up under Phase II in the state of Tripura.

It is first time in the state Tripura that NABARD suggested FPO based company BAPCL has done their CFL related activities in accordance with the guidelines of authority to provide financial literacy among people under block level with efficient faculties and experienced persons in the field of financial activities.

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