• Bank has set up Canara Financial Advisory Trust (CFAT) in 2010 for spreading financial literacy through Financial Literacy Centers.
  • CFAT is headed by Principle trustee (retired GM of our bank).
  • Trust is functioning since October 2010.
  • There are eight trustees in the trust.
  • FLCs are Managed/ Monitored by the Trust (CFAT).
 

We are having 115 FLCs across India. As per guidelines FLCs should try to get on board as many stakeholders as possible at the district/ Panchayat / village level viz.,LDM, DDM of NABARD, LDO of RBI, District and local administration, Block level officials, NGOs, SHGs, BCs, Farmers clubs, Panchayats, PACs, village level functionaries during the conduct of the camps.

1. Objectives:

The broad objective of the FLCs is to provide free financial literacy/ education and credit counseling.

The specific objectives of the FLCs would be:

  • To provide financial counseling services through face-to-face interaction as well as through other available media.
  • Education on responsible borrowing ,
  • Proactive and early savings,
  • Offering debt counseling to individuals who are indebted to formal / informal financial sectors;
  • To educate the people in rural and urban areas with regard to various financial products and services available from the formal financial sector.
  • To make the people aware of the advantages of being connected with the formal financial sector.
  • To formulate debt restructuring plans for borrowers in distress.
  • To take up any such activity that promotes financial literacy, awareness of the banking services, financial planning and amelioration of debt-related distress of an individual.
  • To make people aware of the social security schemes available and help them to utilize the benefits of the schemes like pension, health insurance etc.,
  • 2. Role of FLCs Counselor:

  • Counselors have to conduct Literacy Camps at villages, schools, farmers clubs, social clubs etc.
  • Educate the public on banking, finance, Govt schemes and guide the public in this filed.
  • Associate with BLBC, DCC meetings and other Govt Depts for spreading the Financial Literacy.
  • Address the trainees in the training centers like RSETI, RUDSETI and guide those who come to the centers. Visit 15 villages in a month to educate villagers on banking and finance.
  • Bank neutral job.
  • Organize Literacy stalls in Melas, large gatherings, meetings social functions etc.
  •  

    3. State wise number of FLCs:

    No. of FLCs

    S.No.

    State

    Canara Bank

    Andhra Pragathi Grameena Bank

    Karnataka Grameen Bank

    Karnataka Vikas Grameen Bank

    1

    Andhra Pradesh

    5

    5

     

     

    2

    Bihar

    1

     

     

     

    3

    Delhi

    3

     

     

     

    4

    Haryana

    10

     

     

     

    5

    Karnataka

    50

     

    22

    10

    6

    Kerala

    22

     

     

     

    7

    Lakshadweep

    1

     

     

     

    8

    Tamil Nadu

    8

     

     

     

    9

    Telangana

    2

     

     

     

    10

    Uttar Pradesh

    13

     

     

     

    TOTAL

    115

    5

    22

    10

     

    4. Eligibility for counselor:

  • The FLCs are expected to play a crucial role in assisting and guiding the distressed individual borrowers.
  • Credit counselors should have sound knowledge of banking, law, finance, requisite communication and team building skills, etc.
  • Individuals such as retired bank officers, with domain knowledge in agriculture, ex-servicemen, etc. may be engaged as credit counselors.
  • 5. State wise list of FLCs of Canara Bank is mentioned below;

     

    S.No

    State

    Financial Literacy Centre

    1

    Andhra Pradesh

    Anantapuram

    2

    Andhra Pradesh

    Kadapa

    3

    Andhra Pradesh

    Kurnool

    4

    Andhra Pradesh

    Nellore

    5

    Andhra Pradesh

    Ongole

    6

    Bihar

    Sheikpura

    7

    Delhi

    New Delhi

    8

    Delhi

    West Delhi

    9

    Delhi

    Central Delhi

    10

    Haryana

    Hansi

    11

    Haryana

    Gharunda

    12

    Haryana

    Punhana

    13

    Haryana

    Kanina

    14

    Haryana

    Safidon

    15

    Haryana

    Faridabad

    16

    Haryana

    Farrukhnagar

    17

    Haryana

    Mewat

    18

    Haryana

    Prithla

    19

    Haryana

    Radaur

    20

    Karnataka

    Kolar

    21

    Karnataka

    Chikkaballapur

    22

    Karnataka

    Chitradurga

    23

    Karnataka

    Bangalore Rural

    24

    Karnataka

    Hassan

    25

    Karnataka

    Davangere

    26

    Karnataka

    Bangalore Urban

    27

    Karnataka

    Sira

    28

    Karnataka

    T Narasipura

    29

    Karnataka

    Hubli

    30

    Karnataka

    Hospet

    31

    Karnataka

    Shiggaon

    32

    Karnataka

    Gokak

    33

    Karnataka

    Haliyal

    34

    Karnataka

    Ron

    35

    Karnataka

    Hosanagar

    36

    Karnataka

    Chittapur

    37

    Karnataka

    NRpura

    38

    Karnataka

    Sindhanur

    39

    Karnataka

    Jagalur*

    40

    Karnataka

    Anekal

    41

    Karnataka

    Arsikere

    42

    Karnataka

    Athani

    43

    Karnataka

    Bagalkot

    44

    Karnataka

    Ballari

    45

    Karnataka

    Belagavi

    46

    Karnataka

    Belthangady

    47

    Karnataka

    Bhatkal

    48

    Karnataka

    Byadgi

    49

    Karnataka

    Holalkere

    50

    Karnataka

    Indi

    51

    Karnataka

    Jamakhandi

    52

    Karnataka

    Karkala

    53

    Karnataka

    Karwar

    54

    Karnataka

    Kollegal

    55

    Karnataka

    Kumta

    56

    Karnataka

    Kundapur

    57

    Karnataka

    Kustagi

    58

    Karnataka

    Mangaluru

    59

    Karnataka

    Mundargi

    60

    Karnataka

    Puttur

    61

    Karnataka

    Raibag

    62

    Karnataka

    Ramdurg

    63

    Karnataka

    Sakaleshpura

    64

    Karnataka

    Shikaripura

    65

    Karnataka

    Sirsi

    66

    Karnataka

    Sringeri

    67

    Karnataka

    Sullia

    68

    Karnataka

    Udupi

    69

    Karnataka

    Vijayapura

    70

    Kerala

    Palakkad

    71

    Kerala

    Malappuram

    72

    Kerala

    Thrissur

    73

    Kerala

    Sulthan Batheri

    74

    Kerala

    Balussery

    75

    Kerala

    Kunnamangalam

    76

    Kerala

    Irrity

    77

    Kerala

    Athiyannur

    78

    Kerala

    Ithikara

    79

    Kerala

    Veliyanad

    80

    Kerala

    Madapally

    81

    Kerala

    Pampakuda

    82

    Kerala

    Chowannur

    83

    Kerala

    Attapady (Agali)

    84

    Kerala

    Angamaly

    85

    Kerala

    Thodupuzha

    86

    Kerala

    Kannur

    87

    Kerala

    Kasaragod

    88

    Kerala

    Kodakara

    89

    Kerala

    Perumkadavila

    90

    Kerala

    Uzhavoor

    91

    Kerala

    Vazhakulam

    92

    Lakshadweep

    Kavaratti

    93

    Tamil Nadu

    Dindigul

    94

    Tamil Nadu

    Erode

    95

    Tamil Nadu

    Madurai

    96

    Tamil Nadu

    Theni

    97

    Tamil Nadu

    Tiruppur

    98

    Tamil Nadu

    Coimbatore

    99

    Tamil Nadu

    Nilgiris

    100

    Tamil Nadu

    Pudukottai

    101

    Telangana

    Medchal

    102

    Telangana

    Yadadri

    103

    Uttar Pradesh

    Agra

    104

    Uttar Pradesh

    Aligarh

    105

    Uttar Pradesh

    Etah

    106

    Uttar Pradesh

    Kanshiramnagar (Kasganj)

    107

    Uttar Pradesh

    Mahamayanagar (Hathras)

    108

    Uttar Pradesh

    Amroha

    109

    Uttar Pradesh

    Baghpat

    110

    Uttar Pradesh

    G B Nagar

    111

    Uttar Pradesh

    Ghaziabad

    112

    Uttar Pradesh

    Hapur

    113

    Uttar Pradesh

    Mathura

    114

    Uttar Pradesh

    Meerut

    115

    Uttar Pradesh

    Moradabad