The Governor of Reserve Bank of India, Mr. D Subbarao has sought need to include the financial courses in the school and college curricula in order to improve financial literacy in the country.

Mr. Subarao informed that financial literacy is already being pursued in Karnataka intensively on a pilot basis, which will set a base, on which RBI would operationalize it out all over the country.

In a meeting with Mr. Subarao, the Minister of Karnataka, Mr. Navneen Patnayak has stressed over the need to increase the credit-deposit ratio.

Mr. Naveen has requested the Governor to ensure disbursal of more soft and easy loans by commercial banks to state farmers. There have been reports in the past that many farmers have been committing suicide across the state because of lack of bank credit forcing them to avail loan from private money-lenders at high interest rate.

Mr. Patnayak further said, "People will be benefited by the expansion of bank network in rural areas. The initiative of the government to pay wages to the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme can be successful by the spread of reach of banks in rural areas."

The governor has indicated that Villages with a population of over 2,000 will get access to financial services by the end of this fiscal. He further said that the RBI would review its economic growth projections next month.