On International Labour Day 2024, RBI's Financial Inclusion Development Department, Panaji organized a financial literacy camp for migrant workers. The initiative aimed to educate workers about banking services, digital payments, and financial inclusion schemes. This camp was part of RBI's broader financial literacy mission under the National Strategy for Financial Education 2020-25. The program focused on practical banking knowledge for vulnerable populations, emphasizing account opening, remittance services, and awareness about fraudulent schemes targeting migrant communities.

This initiative reflects RBI's commitment to the National Strategy for Financial Education (NSFE) 2020-25, which prioritizes financial inclusion of vulnerable groups including migrant workers. Migrant workers face unique financial challenges - lack of documentation for banking services, dependence on informal money transfer systems, and vulnerability to financial frauds. RBI's targeted camps address these gaps by providing practical knowledge about formal banking channels, digital payment systems, and government schemes. The timing on International Labour Day underscores the recognition of workers' financial rights. Such camps are crucial for achieving the government's Jan Dhan-Aadhaar-Mobile (JAM) trinity goals and reducing the informal economy's dominance. They also support broader financial inclusion metrics that RBI tracks, including account penetration rates and digital transaction volumes. For migrant workers specifically, these camps promote safer remittance channels, reducing dependency on hawala systems and improving financial security for both workers and their families. The Panaji location indicates RBI's regional approach to financial literacy, recognizing state-specific migrant patterns and needs.