Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMES across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity
This portal, the FIN-LITES course, the FLAME investor meets and our outreach through the social media area among the various IIFL initiatives that would be part of FLAME.
Mr. Nirmal Jain, Chairman, India Infoline Ltd, says, “I am very excited about IIFL's new initiative to dispel the darkness of financial illiteracy in India. Even after 63 years of independence, 40 crore people in our country cannot even read or write. Coming to financial inclusion, rather extent of exclusion, only about 5% of 6 lac villages have any bank branch. Many corporates and wealthy citizens think that it is government's responsibility to cure all the ills, kill all the devils, pay all the bills for social work and give out all the licences for profitable ventures. The government has its limitations in terms of resources. I believe it is no excuse for me as a citizen or my company IIFL as a corporate citizen to do little.
My senior colleagues of IIFL and a separate dedicated team have pledged their support along with me for FLAME. We shall leverage our network of locations, employees and over a million customers across the country to reach out to small towns as well as under-privileged sections of society as well.