RBI releases list of approved applicants for Registration of Institutions, Organisations and Associations for grant of Financial Assistance from the Depositor Education and Awareness Fund (DEA Fund)
October, 03rd 2015
The Reserve Bank of India today released the names of 20 entities that have been approved by the DEA Fund Committee for registration for seeking grant of financial assistance from the Depositor Education and Awareness Fund. It may be recalled that through its Press Release dated January 9, 2015, the Reserve Bank of India had called for applications from eligible persons for registration. These 20 entities have been selected out of 90 applications received for registration. The Selection Process involved a scrutiny by an internal team of the Reserve Bank followed by an assessment of the applications by the DEA Fund Committee, which inter alia has three external members.
The applicants have been selected on the basis of their meeting the minimum eligibility criteria, track record and evaluation of the work done by them in the field of depositor education, consumer awareness, consumer protection, etc. The registered entities may make application in the prescribed format available on the RBI website along with all relevant and supporting documents/information for project-specific financial assistance from the Fund.