Reserve Bank of India releases the List of entities eligible for DEA Fund

          The Reserve Bank of India on 1^st October 2015, 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.

Reserve Bank of India on 9^th January 2015, had called for applications from eligible persons for registration.

RBI received 90 applicants and these 20 entities were finally selected.

There was a multiple selection process which 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.

Reserve Bank will shortly issue a notification calling for fresh applications for registration under the scheme.

The names of the 20 entities are:

Sl No. Names of the Registered Entities

1.        Vasantha Lakshmi Charitable Trust & Research Centre, Nellore, Andhra Pradesh

2.        Society for Social Transformation, A.P.

3.        Voluntary Organisation in Interest of Consumer Education Society, New Delhi

4.        Progressive Action for Community Emancipation (PACE), Chittoor, Andhra Pradesh

5.        International Network of Alternative Financial Institutions-India, Madurai

6.        SAMARPIT- Centre for Poverty Alleviation and Social Research, Bilaspur

7.        Voluntary Integrated Development Society, A.P.

8.        Initiatives for Development Foundation, Bengaluru

9.        MOTHER, Bhubaneswar

10.      Genesis Academy of Banking & Finance Education Trust, Mumbai

11.       MONEYLIFE Foundation, Mumbai

12.      ASSLS Organization, A.P.

13.      Consumer Education and Research Society, Ahmedabad

14.      Consumer Unity & Trust Society (CUTS), Jaipur

15.      Indian School of Microfinance for Women, Ahmedabad

16.      Swadhaar Finaccess, Mumbai

17.      Xavier Labour Relations Institute (XLRI), Jamshedpur

18.      Aparajita Mahila Sangh, Indore

19.      Priyasakhi Mahila Sangh, Indore

20.      DHAN Foundation, Madurai