Excelsior Correspondent
Srinagar, July 27: In an effort to promote financial literacy and empower the youth with crucial financial knowledge, the Reserve Bank of India (RBI) today organized the All-India Quiz on Financial Literacy-2023 for government school students of Jammu and Kashmir.
In a highly competitive event held in Srinagar, nearly six teams from various districts of the union territory actively participated. A closely contested quiz saw a team from the Kupwara district emerge as the winner, while the teams from District Baramulla and District Doda secured second and third positions, respectively.
The Chief Secretary of Jammu and Kashmir Union Territory, Arun Kumar Mehta, who was the chief guest on the occasion, extended his heartfelt congratulations to all the participants, acknowledging their hard work and dedication to the learning process. He emphasized that winning the quiz should not be solely about taking home a trophy but, more importantly, about carrying the invaluable learnings back to their lives.
Addressing the students during the event, Kamal P Patnaik, the Regional Director of the Reserve Bank of India, expressed the organization’s vision of making India an economic superpower. He stressed the significance of providing financial literacy at the grassroots level to achieve this goal. Patnaik highlighted the role of children in this process, stating that financially educated youth are vital for India’s economic growth and prominence on the global stage.
He said that Financial literacy is a fundamental life skill that equips individuals with the knowledge of earnings, savings, expenses, investments, and borrowings. “This understanding forms the bedrock for making informed decisions about finances, ultimately leading to overall financial inclusion and wellbeing,” he added.
Baldev Prakash, CMD of J&K Bank, lauded the RBI’s efforts and innovative measures to spread financial awareness, aiming to ensure the inclusion of the masses within the formal banking system. He emphasized that such initiatives would empower citizens to become self-sufficient and financially enabled.
All the winners were presented with certificates, trophies, and gifts.
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