What is the primary objective of establishing Financial Literacy Centers (FLCs) supported by banks in remote districts of Arunachal Pradesh?

💡 Solution & Explanation

Financial Literacy Centers established by lead banks in Arunachal Pradesh aim to educate rural and semi-urban communities about prudent money management, formal banking channels, digital payment security, and government social security schemes. Financial literacy is crucial for integrating unbanked populations into the formal financial mainstream and protecting them from informal moneylenders. These centers conduct awareness camps across remote villages. Digital inclusion initiatives heavily rely on these grassroots educational efforts.