SAKSHAM Centres- Centre for Financial Literacy & Service Delivery

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SAKSHAM Centres- Relevance for UPSC Exam

GS Paper 2: Governance, Administration and Challenges– Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

Recently, as part of Azadi ka Amrit Mahotsav, a total of 152 SAKSHAM Centres (Centre for Financial Literacy & Service Delivery) across 77 districts of 13 states were launched.
SAKSHAM Centres were launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development.

About SAKSHAM Centres: Centre for Financial Literacy & Service Delivery (CFL&SD) would act as a one-stop solution/single window system for basic financial needs of Self-Help Group (SHG) households in rural areas.
Key Objective of SAKSHAM Centres: to provide financial literacy & facilitate delivery of financial services (savings, credit, insurance, pensions etc.) to SHG members and rural poor.
Implementation: SAKSHAM Centres will be managed by the SHG network, largely at the level of the Cluster Level Federations (CLFs), with the help of trained Community Resource Persons (CRPs).
These trained CRPs are provided six days of residential training at Rural Self Employment Training Institutes (RSETIs) established by the Lead Bank of the district.
All of these resources persons, popularly known as Financial Literacy Community Resource person (FL CRPs) also provided a training tool kit in vernacular languages.

SAKSHAM Mobile App: a mobile & web-based application called “SAKSHAM” has been developed by the Ministry of Rural Development (MoRD).
Key Function:
- SAKSHAM Mobile App will be used by the community resource person of the Centre to know the penetration of various financial services for each SHG & village,
- SAKSHAM Mobile App will be used to identify major gaps and accordingly provide training and deliver the required financial services.
- SAKSHAM Mobile application will also measure the impact of the program on regular intervals for mid-course correction in strategy, if any.