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National Financial Literacy Program enters second year, targets 81 more districts: SBP

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The State bank of Pakistan's National Financial Literacy Program (NFLP) has entered into its second year of implementation and has been deemed more aggressive and ambitious than last year as the total number of target beneficiaries for this year is 226,000, more than twice it was for the first year of the program.

It also aims to reach out to the remaining of the eighty one (81) districts of Pakistan, including areas of FATA and Gilgit Baltistan, making the total number of districts 158 as compared to last year’s 77 districts.

In order to equip banks for 81 new districts included in their second year targets, 18 TOT sessions are being conducted and more are in the pipeline. By the mid of September, 18 TOTs would be completed and around 250 field trainers from banks would be trained.

This year’s intervention strategy will be two pronged as it includes conducting both classroom training sessions and street theatres for creating awareness among general public for increasing adoption of formal financial services.

Street theaters shall be conducted across the country for imparting general awareness about financial services at grass root level. A plan to conduct these street theatres as part of NFLP is being finalized, whereby a specific short film on financial literacy will be played for target audience at various locations. Approximately 250 street theatres will be conducted in the current fiscal year.

Moreover, commitment from all banks and partner institutions to reach out to a larger number of women has been termed crucial to achieve this year’s program goal as the proportion of female participants was lower than the benchmark 50% last year.

As of now, around 1,000 more classroom sessions have been conducted across 77 districts of Pakistan out of which 365 sessions were related to NFLP and 665 were related to NFLP SAP.

The NFLP Student Ambassador Plan (SAP) was rolled out in December 2017 to supplement
NFLP. Unlike NFLP where trainers from banks and other partner institutes conduct classroom sessions, NFLP-SAP engages university students to undertake such sessions for the benefit of the target audience. In this regard, more than 300 students from 32 universities across the country have so far been trained by SBP BSC’s Master Trainers.

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Posted on: 2018-09-24T15:55:00+05:00

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