RBI's Money Wise Centres established by BAPCL for Financial Literacy in Tripura
Agartala, Jan 15, 2023, TRIPURATIMES Desk
Agartala(Tripura), Jan 15. A total of three centres at Bishalgar, Bagma and Hrishyamukh are inaugurated on 12th January by RBI’s Manager of Agartala office Manoj Kulkarni, Argha Banerjee and other officials from NABARD, PNB, LDMs.
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 the course of conversation with the officials of BAPCL, it has informed that a total of ten CFL centers to 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’.
The high officials from different districts have attended 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, said Sudip Majumder, MD of BAPCL.