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CRISIL Foundation launches 20 financial literacy centres

Dec 12, 2017

The financial literacy centres, set up in collaboration with banks, will drive last-mile inclusion.

New Delhi: CRISIL Foundation, the corporate social responsibility (CSR) arm of CRISIL Ltd, has launched 20 ‘Money-Wise Centres for Financial Literacy’ in Haryana and Maharashtra. The centres, set up under the Reserve Bank of India’s (RBI’s) pilot project to drive financial literacy and inclusion, are located at the block level to to facilitate greater access.

CRISIL Foundation is one of six non-profits and the only corporate CSR arm empanelled by the RBI to implement the pilot. The non-profits, with the support of sponsor banks, are to set up the centres in 80 blocks across nine states.

CRISIL Foundation will set up and manage 20 centres until 2020 five in Gurugram and Mewat (Haryana) in association with Syndicate Bank; five in Panipat and Karnal (Haryana) with Punjab National Bank; five in Washim (Maharashtra) with the State Bank of India; and five in Ratnagiri (Maharashtra) with Bank of India. The foundation and its sponsor banks will reach out to 6,25,628 households in 2,233 villages over the next three years.


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