Context:
To encourage original Hindi-language writing and research in the fields of economics, banking, and finance by Indian academicians.
Key Features of the Scheme
- Launched by: Reserve Bank of India (RBI)
- Target Group: Working or retired professors (including Assistant and Associate Professors) from UGC-recognized Indian universities
- Prize Amount: ₹1,25,000 each for three best entries
- Eligible Publications:
- Books must be originally written in Hindi
- Subject: Economics, Banking, or Finance
- Minimum 200 pages
- Publication window: April 1, 2024 to March 31, 2025
- Submission Deadline: June 30, 2025
- Cooling Period: Awardees for two consecutive years must observe a one-year gap before reapplying
Evaluation Process
- Assessment Criteria:
- 60% weightage for content quality
- 40% for language and style
- Evaluation Committee Composition:
- 2 Professors in Economics/Banking/Finance
- 1 Professor in Hindi Literature or Linguistics
- RBI officials
Significance
- Promotes financial literacy and academic contributions in Hindi
- Encourages regional language inclusion in high-level economic discourse
- Aligns with RBI’s vision to increase vernacular scholarship in finance and economics
Related Development:
- In June 2025, RBI also launched the 2024–25 round of its annual survey on Foreign Liabilities and Assets (FLA) of Mutual Funds and Asset Management Companies (AMCs).
This scheme not only supports language diversity in financial education but also fosters an environment for academic innovation i
