NEW DELHI: On the event of celebration of
90th anniversary of the Shri Ram College of Commerce, a financial literacy cell
called ‘VITTSHALA’ was launched by Mr. Arun Jaitley, in the college.
Laying emphasis on the significance of
financial inclusion in India, the Union Finance Minister expressed joy over the
fact that the students of such a prestigious college were striving towards the
He also took the opportunity to highlight
the various achievements of the government in the field of financial inclusion,
such as the unprecedented success of Jan Dhan Yojana under which 24 crore bank
accounts were opened and the integration of LPG subsidy payments and insurance
services with bank accounts of beneficiaries. These measures helped in ensuring
transparency and minimising subsidy leakages.
Mr. Jaitley also took the opportunity to
talk about Mudra Yojana which would empower small
entrepreneurs, especially disadvantaged groups and women, to get loans easily and shed light
upon the government's target to disburse loans worth Rs 1,80,000 crore this year
under the praiseworthy scheme. The infrastructure which would be created as a
result would be used for crop insurance and various health schemes.
The Vice Chancellor of Delhi University, Mr
Yogesh Tyagi, appreciated this initiative by the college for reaching out to large
sections of the society and propagating financial literacy. By means of
seminars, workshops, discussions and community engagement, Vittshala will be
instrumental in spreading awareness about managing financial resources
effectively. The cell has been founded by a group of teachers and students led
by senior faculty member, Anil Kumar. Being a multifaceted programme, Vittshala
will use peer counselling and develop interactive apps and events elaborating
basics of investments, financial planning, channelization of savings, banking
and insurance services, how to open and operate bank accounts and schemes related
The student interns have been provided
extensive training by senior officials from Life Insurance Corporation of
India, State Bank of India and Agriculture Insurance Company Of India Ltd.