CURRENT AFFAIRS

Detailed explanation-1: -The Prime Minister, Shri Narendra Modi has appreciated IPPB for conducting India’s First Floating Financial Literacy Camp in Dal Lake of Srinagar, Jammu & Kashmir under Niveshak Didi.

Detailed explanation-2: -India Post Payments Bank (IPPB) conducted India’s first floating financial literacy camp in Dal Lake with an initiative called ‘Niveshak Didi’ to promote financial literacy ‘By the Women, For the Women’ in Srinagar.

Detailed explanation-3: -Metropolitan areas like Maharashtra, Delhi, and West Bengal have financial literacy rates of 17%, 32%, and 21%, respectively. States like Bihar, Rajasthan, Jharkhand and Uttar Pradesh where poverty is rampant have low literacy rates.

Detailed explanation-4: -India’s First Floating Financial Literacy Camp was conducted as part of the launch of the initiative called “Niveshak Didi” in Jammu and Kashmir’s Srinagar. It was conducted among local residents around the famous Dal Lake in Srinagar.

Detailed explanation-5: -Literacy camp is a camp to provide banking sevices and products related information and financial advice to the rural or unbanked masses. Spread banking and finance related awareness and advice to the public.