<p>Union Finance Minister Pranab Mukherjee will inaugurate the convention and the Organisation of Economic Cooperation and Development (OECD) will coordinate it with the central bank.<br /><br />"We will distribute prizes to winners of the state-level quiz contest on financial literacy being held by the central bank across the country," RBI regional director S. Srinivas told reporters here on Monday on the margins of a state bankers' meeting.<br /><br />In a related development, the state level bankers' committee (SLBC) has also decided to announce at the convention a road map to extend the smart card-based Electronic Benefit Transfer (EBT) scheme across Karnataka.<br /><br />Under the EBT scheme, payment of Mahatma Gandhi Rural Employment Guarantee Act (MGREGA) wages and deliver of other social security benefits to beneficiaries are made on a smart-card mode. <br /><br />"The business correspondent of the implementing bank uses biometric smart cards and voice-guided systems to help rural people to access banking services at their doorstep," SLBC chairman Basanth Seth said.<br /></p>
<p>Union Finance Minister Pranab Mukherjee will inaugurate the convention and the Organisation of Economic Cooperation and Development (OECD) will coordinate it with the central bank.<br /><br />"We will distribute prizes to winners of the state-level quiz contest on financial literacy being held by the central bank across the country," RBI regional director S. Srinivas told reporters here on Monday on the margins of a state bankers' meeting.<br /><br />In a related development, the state level bankers' committee (SLBC) has also decided to announce at the convention a road map to extend the smart card-based Electronic Benefit Transfer (EBT) scheme across Karnataka.<br /><br />Under the EBT scheme, payment of Mahatma Gandhi Rural Employment Guarantee Act (MGREGA) wages and deliver of other social security benefits to beneficiaries are made on a smart-card mode. <br /><br />"The business correspondent of the implementing bank uses biometric smart cards and voice-guided systems to help rural people to access banking services at their doorstep," SLBC chairman Basanth Seth said.<br /></p>