NABARD and RBI Promote Rural Financial Literacy through various initiatives; 2,421 Centres for financial literacy set up Nationwide

NABARD and RBI are actively promoting financial literacy in rural areas, establishing over 2,400 centres.

The RBI also implemented a revised regulatory framework for microfinance loans in 2022, deregulating interest rates while ensuring borrower protection through guidelines for Regulated Entities and the role of SROs like Sa-Dhan and MFIN, which also cap borrower indebtedness.