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May 15, 2009

RBI selects Karnataka to introduce course on financial sector



Bangalore: Keen to improve the country's "financial literacy", the Reserve Bank of India (RBI) has decided to introduce financial sector issues as part of the curriculum in schools and colleges and chosen Karnataka for the pilot project.

The plan is part of the central bank's platinum jubilee celebrations.

"As an enduring legacy of the RBI which completes 75 years in 2009, we have decided to improve financial literacy of students at the school and college level. We will do the pilot project in Karnataka," RBI Governor D. Subbarao told reporters here after state Chief Minister B.S. Yeddyurappa agreed to support it.

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