To develop awareness amongst students about the fake currency notes, the Reserve Bank of India (RBI) launched an awareness campaign in late 2008 for the school students of urban as well as rural areas.
RBI launched the campaign under the financial education initiative program for school kids.
According to RBI figures the value of fake currency detected in 2007-08 at Rs 5.5 crore, a 137% increased on Rs 2.4 crore the previous year.
As per Delhi police sources, "In the last year we have seized fake currency worth roughly Rs. 5 lakh".
The campaign has been launched in 11 other regional languages besides English and Hindi. To make easy for students to understand various currency denominations posters are being used during the campaign.
In the campaign children are educated on how to differentiate between real and fake notes. To make easy young minds receptive essays, games and films are being used.
The RBI conducted online 100 all India scholars test for college students. The selected college students are also adopting three to five schools and making presentations on financial literacy.
R Gandhi, RBI's regional director, said, "The rise in the cases of bogus currency being detected is one of the reasons which encouraged RBI to include this sensitization and awareness program among school children."
According to sources the program will gain momentum once the board exams are over. After school students the campaign will be organized for College students.
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