To strengthen financial literacy and raise awareness against fraudulent practices, a special programme titled ‘Arthsutra Samvad’ was held at an educational institution in the Delhi–NCR region. The initiative, conducted under the Reserve Bank of India’s (RBI) financial literacy campaign, seeks to simplify personal finance, promote safe money management, and equip individuals with the confidence to make sound financial decisions.
The event was organized by Bajaj Finance Limited, India’s largest private NBFC, and witnessed enthusiastic participation from students.
During the session, Dr. Pranay Kumar, ACP of Badli, cautioned students about the misuse of Aadhaar cards in frauds. He explained that when Aadhaar copies are shared for hotel check-ins or photocopying, they could reach fraudsters and compromise sensitive bank-linked information. He advised using driving licenses or voter IDs instead of Aadhaar wherever possible. Dr. Kumar also emphasized the need for vigilance against cybercrimes, urging students to remember the helpline number 1930 to report digital fraud immediately. He highlighted emerging scams, such as digital arrests and fake WhatsApp investment groups.
Adding to this, Dr. Sukhdeep Singh, Professor at the Institute of Economic Growth, Delhi, underlined that financial literacy is crucial for all, particularly rural populations and young professionals. He stressed the importance of balancing spending with saving for the future, stating: “Spend on current needs, but saving for the future is crucial. Girls, in particular, must acquire saving skills.” He highlighted how effective financial literacy fosters both individual empowerment and national economic growth.
The ‘Arthsutra Samvad’ program integrates workshops, interactive sessions, and community discussions to address topics such as savings, emergency financial security, responsible borrowing, and protection against common online and offline frauds. Participants are encouraged to adopt financial discipline and build the resilience needed to handle economic challenges confidently.
