SHIMLA: In view of rising incidences of financial fraud, chief secretary B K Agarwal said more financial literacy camps would be held in the state in coordination with RBI and Securities and Exchange Board of India. He was presiding over the state-level coordination committee (SLCC) meeting on Thursday.He said workshops on financial literacy would be held at all three division levels, in which faculty members of RBI and Sebi will sensitize deputy commissioners, superintendents of police, representatives of Legal Service Authority, public prosecutors and other stakeholders.He asked lead district managers to coordinate with DCs to hold camps in rural areas and associate in pre-Jan Manch activities. Agarwal also suggested earmarking a 10-minute slot for RBI and SEBI personnel to disseminate financial literacy during the Jan Manch, which is held on the first Sunday of every month in each district.He said workshops should be organised for employees retiring shortly and for persons whose land was being acquired for four-laning in the state as they were vulnerable to financial fraud. The chief secretary asked RBI and Sebi to coordinate with Himachal Institute of Public Administration and other departments to incorporate financial literacy in their training modules and workshops.He directed regulators to issue cautionary messages through SMS gateway , local TV channels, radio and local dailies of the state to protect gullible investors against misleading advertisements and unsolicited calls regarding fraudulent schemes offered by unscrupulous and unincorporated bodies.It was informed in the meeting that at present, there is no authorized Non-Banking Financial Company to accept deposits in HP. It was also informed that RBI participated in Kullu Dusshera and put up a stall there for seven days. It was revealed that the RBI website has received around 2,000 complaints from across the country. These are related to fictitious offers like those of cheap loans, asking for processing fees on the pretext of loans, offer of high rate of interest on deposits and offer through fake lottery schemes, out of which 22 complaints of Himachal were forwarded to the DGP for further action.RBI regional director Rachna Dikshit said the SLCC forum was constituted to bring regulatory and law enforcing agencies on one platform and adopt a consultative and coordinated approach in matters pertaining to unauthorized acceptance of deposits.

Stay updated with all the Latest Shimla headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.