UGC urges PG students to participate in RBI’s financial literacy ideathon

NEW DELHI: The University Grants Commission (UGC) has urged higher education institutes (HEIs) to spread awareness regarding financial literacy. It also asked the institutes to encourage postgraduate studies to participate in the financial literacy ideathon, being organised by the Reserve Bank of India.

The RBI is organising the ideathon with an aim to spur PG students to reflect on innovative approaches to propagate financial literacy. The ideathon was launched on February 26 and students can submit their ideas till April 15.

The competition is open to all PG students, excluding doctoral and post-doctoral students. Participants are required to submit an ideation paper on the subject 'Money matters for young adults: Rethinking outreach strategies'. Participants can send 2,000 word-long papers at flcfiddco@rbi.orq.in. The focus of the submission should be on the innovative ways in which financial education can be propagated among youngsters.

Participants must submit their ideation papers in Hindi or English in pdf format. Multiple entries by the same participant will not be accepted. Submissions must be original and unpublished work. Plagiarism will result in disqualification.

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Cash prizes for winners

Entries will be evaluated based on creativity, feasibility, innovation, and relevance to the theme. Prizes will be awarded to the top three submissions. Participants will retain the rights to their submissions, but RBI will have the permission to use their ideas for implementation purposes.

• First prize: Rs 1 lakh
• Second prize: Rs 75,000
• Third prize: Rs 50,000 .

While submitting the entries, participant’s full name, university/ college, course details (name of course and batch) and contact details (email and mobile number) should be provided in the body of the mail.