RBI Financial Literacy Ideathon 2024 : Reserve Bank Of India

Organisation : Reserve Bank Of India RBI
Contest Name : Financial Literacy Ideathon 2024
Applicable For : Students from Class 4 to Class 12
Last Date : 15th April 2024
Website : https://www.rbi.org.in/financialeducation/Home.aspx

What is RBI Financial Literacy Ideathon?

Financial Literacy Ideathon for post graduate students is organized by Reserve Bank Of India RBI. The Financial Literacy Ideathon underscores RBI’s commitment to fostering financial literacy and innovation among the youth. By providing an extended timeline we aim to encourage more students to participate actively and contribute their creative solutions to address financial literacy challenges. Entries can be submitted from February 26 to April 15, 2024.

Prizes of Financial Literacy Ideathon

Prizes will be awarded to the top three submissions as below:
First Prize: ₹1 lakh
Second Prize: ₹75,000
Third Prize: ₹50,000

Purpose of Financial Literacy Ideathon

** The Reserve Bank of India (RBI) has been propagating financial literacy in various forms, recognizing its crucial role in securing individuals’ financial future.

** By promoting financial literacy, RBI aims to empower people with knowledge of basic financial concepts and enable them to make well-informed decisions, understand the importance of saving and investing, and navigate the digital financial landscape with confidence.

** One of the financial literacy initiatives taken by RBI is to observe Financial Literacy Week (FLW) every year. As part of the FLW 2024, a Financial Literacy Ideathon will be held to stimulate innovative thinking among postgraduate students, on the subject of promoting financial literacy among young adults.

Terms and Conditions of Financial Literacy Ideathon

** The competition is open to all postgraduate students (excluding doctoral and post-doctoral students) currently enrolled in recognized educational institutions.
** Participants are required to submit an ideation paper on the subject ‘Money Matters for Young Adults: Rethinking Outreach Strategies’ ** The word limit is 2000 words.

** The focus of the submission should be on the innovative ways in which financial education can be propagated among youngsters. In this context, a brief write up on the existing Financial Literacy initiatives of RBI, is enclosed (Annex I). Participants may also refer to the National Strategy of Financial Education 2020-25.

** 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.
** The registration for the Ideathon starts from February 26, 2024. Entries must be submitted by 6 PM on April 15, 2024.

** Participants may mail their entries to flcfiddco[AT]rbi.org.in with subject line “FLW 2024 Ideathon”. While submitting the entries, the full name of the participant, name of the university/ college, course details (name of course and batch) and contact details (email and mobile number) may be provided in the body of the mail.

** Entries will be evaluated based on creativity, feasibility, innovation, and relevance to the theme. RBI’s decision, in this regard, will be final.
** Intellectual Property: Participants retain the rights to their submissions, but RBI will have the permission to use their ideas for implementation purposes.
** Winners will be notified via email.
** RBI reserves the right to disqualify any entry that does not comply with the terms and conditions or is deemed inappropriate.
** For any inquiries or clarifications regarding the competition, participants can email on flcfiddco[AT]rbi.org.in.

Detailed Notification Download here : https://www.contest.net.in/uploads/pdf2024/70223-i.pdf