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Financial Inclusion and Literacy Leadership Award

FiLLA 2023
Last Date to Submit Nomination Form
November 10th, 2024

    Award Categories

    FiLL Award Institutional

    A Government or Non-Government Institution/Organization/NGO of repute that has made a significant contribution in the area of Financial Literacy and/or Financial Inclusion through transformational leadership

    Financial Inclusion

    Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings.

    The Financial Inclusion (FI) Index as per RBI’s circular dated 17/08/2021 comprises of three broad parameters (weights indicated in brackets) viz.

    1. Access (35%)
    2. Usage (45%)
    3. Quality (20%)

    With each of these consisting of various dimensions, which are computed based on a number of
    indicators. The Index is responsive to ease of access, availability and usage of services, and quality of services, comprising in all 97 indicators. A unique feature of the Index is the Quality parameter which captures the quality aspect of financial inclusion as reflected by financial literacy, consumer protection, and inequalities and deficiencies in services.

    Financial Literacy

    Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing. It supports the pursuit of financial inclusion by empowering the citizen of the country to make informed choices leading to their financial well-being.

    Strengthening Financial Inclusion in the country has been one of the important developmental agendas of both the Government of India and the four Financial Sector Regulators (viz. RBI, SEBI, IRDAI and PFRDA).

    Investor Education

    Investor education is a process of providing individuals with information, resources, and knowledge to help them understand financial markets, investment opportunities, and the associated risks. Its primary objective is to empower investors, both novice and experienced, to make informed and responsible investment decisions. Investor education encompasses various topics, including financial literacy, investment strategies, risk management, and regulatory awareness, to help individuals navigate the complexities of the investment landscape and achieve their financial goals.
    It aims to promote financial literacy, enhance investor confidence, and reduce the likelihood of making ill-informed investment choices.
    FiLL Award Individual

    An eminent individual of Indian origin, Who has made a significant contribution in the area of Financial Literacy and/or Financial Inclusion through transformational leadership.

    Financial Inclusion

    Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings.

    The Financial Inclusion (FI) Index as per RBI’s circular dated 17/08/2021 comprises of three broad parameters (weights indicated in brackets) viz.

    1. Access (35%)
    2. Usage (45%)
    3. Quality (20%)

    With each of these consisting of various dimensions, which are computed based on a number of
    indicators. The Index is responsive to ease of access, availability and usage of services, and quality of services, comprising in all 97 indicators. A unique feature of the Index is the Quality parameter which captures the quality aspect of financial inclusion as reflected by financial literacy, consumer protection, and inequalities and deficiencies in services.

    Financial Literacy

    Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing. It supports the pursuit of financial inclusion by empowering the citizen of the country to make informed choices leading to their financial well-being.

    Strengthening Financial Inclusion in the country has been one of the important developmental agendas of both the Government of India and the four Financial Sector Regulators (viz. RBI, SEBI, IRDAI and PFRDA).

    Investor Education

    Investor education is a process of providing individuals with information, resources, and knowledge to help them understand financial markets, investment opportunities, and the associated risks. Its primary objective is to empower investors, both novice and experienced, to make informed and responsible investment decisions. Investor education encompasses various topics, including financial literacy, investment strategies, risk management, and regulatory awareness, to help individuals navigate the complexities of the investment landscape and achieve their financial goals.
    It aims to promote financial literacy, enhance investor confidence, and reduce the likelihood of making ill-informed investment choices.
    FiLL Award Innovation

    Financial Inclusion

    Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings.

    The Financial Inclusion (FI) Index as per RBI’s circular dated 17/08/2021 comprises of three broad parameters (weights indicated in brackets) viz.

    1. Access (35%)
    2. Usage (45%)
    3. Quality (20%)

    With each of these consisting of various dimensions, which are computed based on a number of
    indicators. The Index is responsive to ease of access, availability and usage of services, and quality of services, comprising in all 97 indicators. A unique feature of the Index is the Quality parameter which captures the quality aspect of financial inclusion as reflected by financial literacy, consumer protection, and inequalities and deficiencies in services.

    Financial Literacy

    Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing. It supports the pursuit of financial inclusion by empowering the citizen of the country to make informed choices leading to their financial well-being.

    Strengthening Financial Inclusion in the country has been one of the important developmental agendas of both the Government of India and the four Financial Sector Regulators (viz. RBI, SEBI, IRDAI and PFRDA).

    Investor Education

    Investor education is a process of providing individuals with information, resources, and knowledge to help them understand financial markets, investment opportunities, and the associated risks. Its primary objective is to empower investors, both novice and experienced, to make informed and responsible investment decisions. Investor education encompasses various topics, including financial literacy, investment strategies, risk management, and regulatory awareness, to help individuals navigate the complexities of the investment landscape and achieve their financial goals.
    It aims to promote financial literacy, enhance investor confidence, and reduce the likelihood of making ill-informed investment choices.

    Awardees - #FiLLA2023

    .
    Bindi International

    FiLL Award Institutional - Winner
    Rajasthan, India

    .
    ZoomStock

    FiLL Award Institutional - Runner Up
    Delhi, India

    .
    Aditya Birla Sun Life Mutual Fund

    FiLL Award Innovation Winner
    Mumbai, India

    .
    Mr Nihal Chandra Shivhare

    FiLL Award Individual - Winner
    Jhansi, India

    .
    Dr Rakesh Kumar

    FiLL Award Individual - 1st Runner Up
    Haryana, India

    .
    Mr Jitendra Dhundhe

    FiLL Award Individual - 2nd Runner Up
    Madhya Pradesh, India

    .
    Dr Pawandeep Bindra

    FiLL Award Individual - 3rd Runner Up
    Jaipur, India

    Past Awardees - #FiLLA2022

    .
    Mr Mayank Singh

    FiLL Award Individual - Winner
    Ghaziabad, UP

    .
    Mr Jitendra Dhundhe

    FiLL Award Individual - Runner-UP
    Dist Chhindwara, MP

    .
    Aditya Birla Sun Life AMC Ltd

    FiLL Award Institutional - Winner
    Mumbai, Maharashtra

    .
    B-School Forum Knowledge Centre

    FiLL Award Institutional - Runner-UP
    Bhubaneswar, Odisha

    Nomination Form 2024

    The Fill Awards, dedicated to Financial Literacy, Finance Inclusion, and Investor Education, presents two vital categories for nominations: the Institution Category and the Individual Category. The Institution Category celebrates the collective excellence of organizations and institutions that have made significant strides in Financial Literacy, Finance Inclusion, and Investor Education. The Individual Category honors exceptional contributions by individuals who have played a pivotal role in advancing these critical domains. The nominations process is transparent, comprehensive, and designed to ensure a level playing field for all potential awardees, recognizing those who are making a profound impact in the fields of Financial Literacy, Finance Inclusion, and Investor Education.

    Nomination Form
    Fill.

    Award Selection Process & Rules

    Key parameters for evaluation by the jury:

    1. The numbers (qualitative details as asked in the form)
    2. Timelines (Specific Dates & Period wherever asked in the form should be necessarily filled)
    3. Evidence based responses: The applicants should provide details of recognition, rewards etc including picture, video links, websites etc with full details.

    Besides the above, the following parameters play an important role in final decision:

    1. The numbers, timelines & evidence based responses are very important.
    2. Tangible impact on society
    3. Scale of efforts in reach and numbers
    4. Segments covered
    5. Books / Articles / Journals Published
    6. Use of Technology
    7. Sustainability
    8. Any previous recognition/Award
    9. On-field contribution to bridge economic inequality

    Adherence to values, ethics, integrity and contribution to societal development would be a common consideration for all awards

    AWOKE India Foundation (AIF) founded in 2012, is a civil society organization (registered under Sec 8 of the Companies Act) dedicated to financial literacy, awareness, inclusion. AIF is the only SEBI recognised Investor Association (IA). These awards are being conferred since 2018. To learn more, please visit our websites: www.awokeindia.com, www.awokeindiafoundation.com, www.iflc.in