Crisil ties up with FLIP to carry fin literacy programme

Ratings agency Crisil today said it has tied up with Finitiatives Learning India (FLIP) for conducting financial literacy programmes for the rural poor.

FLIP, an e-learning and certification services provider in banking and finance, will develop financial literacy and awareness modules as part of the partnership.

Both the entities signed an Memorandum of Understanding (MoU) for the same recently, a statement from Crisil said, adding that the activity is being carried out through its CSR arm, Crisil Foundation.

A joint seminar to assess the skilling challenges faced by the industry and work towards solutions will be conducted, the statement said, adding that the scope of the partnership will also extend to create knowledge standards in finance sector and close gap between academia and real world skills.

"A financially literate population will have a ripple effect on the economy and also help promote a sound and efficient financial system in the country," Crisil's chief operating officer Raman Uberoi said.