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About Credit Vidya

In financial markets, just like in nature, there are forces, which are unsparing and generous, to a decision of an investor. Those who are uninitiated and midway through the path of knowledge serve as preys to the informed and empowered, while those who are well-equipped with the right information exude reason and logic. Hence, knowledge and literacy about markets and its functioning are of paramount to stay firm in markets. 

We, at Credit Vidya, believe in empowering you. Because we believe that knowledge is not only power but also gives you a sense of belonging. We believe in supporting the consumers by not being their crutch but as catalysts and enablers.

Why do we have to discuss it here? It is because there is conspicuous lack of adequate financial literacy in consumers. This is even echoed in the recent Reserve Bank of India (RBI) circular (June 6, 2012), which puts 'financial literacy' high on its agenda. The RBI has pointed out limitations of existing model schemes of Financial Literacy and Credit Counselling Centres and suggested some changes in the model scheme. Though the thought is a well-meaning one, an effective implementation requires a change in the mindset of all industry participants.

Among the various segments of markets, the banking segment is the one where most consumers begin their market journeys. And it has been observed that though the industry has seen a rapid growth, its consumer is still not empowered with knowledge. Many a time, the expression 'consumer education' is hardly taken in the right spirit. For those who sell certain banking products, an educated consumer can put salesmen in awkward position. However, these people miss the larger picture in a growth story. Consumer education makes consumers buy right products at right price, which helps the industry grow in the long run, benefiting all the stakeholders - consumers, manufacturers, intermediaries and society at large - in the long run.

And here banking is no exception. A financially literate individual can use better banking services for his benefit, his family and eventually the growth of the society. Pledging allegiance to this thought, Credit Vidya stands for enabling the consumers with credit awareness. We believe in empowering the consumers with basics of borrowing, creditworthiness, their credit scores and functioning of credit facilitating entities such as credit bureaus. We intend to walk on the path of financial literacy to help individuals learn credit basics, borrow wise, and repay on time. It begins with your initiative, attains meaning with our engagement and remains with you for a lifetime. 

About Credit Vidya

We, at Credit Vidya, believe in empowering you. Because we believe that knowledge is not only power but also gives you a sense of belonging. We believe in supporting the consumers by not being their crutch but as catalysts and enablers.

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