Chamba: SBI inks pact with CEVA

Chamba, February 22

The State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Collective Efforts of Voluntary Actions (CEVA), Chamba, for setting up the Reserve Bank of India’s (RBI) MoneyWise Centres for Financial Literacy on Wednesday.

This collaborative effort, in association with the RBI, aims to enhance financial awareness and inclusion among rural and tribal communities, said Dr Haresh Sharma, director of CEVA, an NGO working for tribal development, environment protection, women empowerment and financial inclusion in tribal areas of the state. The collaboration marks a significant step towards fostering financial literacy and inclusion in remote areas, ensuring economic empowerment and resilience within these communities, he added.

RBI’s MoneyWise Centres act as ‘hubs’, actively supporting local banks and stakeholders, and are an integral part of the financial inclusion ecosystem.

Assistant General Manager of Regional Rural Bank (RRB) and Rural Self Employment Training Institute (RSETI) Praveen Nagpal; SBI Chief Manager (financial inclusion) Vibhu Kant Sharma; District Development Manager (NABARD) Sahil Swangla; Chamba Lead District Manager (LDM) DS Chauhan; and Lahaul and Spiti LDM Norbu Chhering, were present, among others, on this occassion.