Union Bank opens financial literacy centre

Union Bank of India,lead bank of Ernakulam District,has set up its first financial literacy and credit counselling centre(FLCCC) at Perumbavoor. FLCCCs, recommended by the High Power Committee headed by Ms Usha Thorat on Lead Bank Scheme, are being set up in every district with the intention of providing financial counselling service through face-to-face interaction as well as through other available media like email, fax, mobile etc,educating people in rural and urban areas with regard to various financial products and services. In the first phase of financial inclusion, all villages having population in excess of 2,000 are being targeted to set up banking facilities. (BS 28032011)