RBI Hindi Book Scheme: Promote Original Economics and Finance Books in Hindi

RBI Hindi book scheme promotes original Hindi books in economics, banking, and finance by awarding ₹1.25 lakh each to top academic authors. Learn eligibility, objectives, and exam relevance.

Encouraging Hindi-Language Scholarship

The Reserve Bank of India (RBI) has unveiled the Scheme for Writing Books Originally in Hindi on Economics, Banking and Financial Subjects. This initiative invites working and retired professors—particularly Assistant and Associate Professors from UGC-recognised universities—to author original books in Hindi. The scheme sets quality standards: each book must cover at least 200 pages and fall within the domains of economics, banking or finance

Awards to Spur Quality Contributions

To incentivize excellence, the RBI will award three prizes of ₹1.25 lakh each annually for the top Hindi-authored books in the defined subject areas

Adoption Period and Standards

Eligible works are those published from April 1, 2024, onwards, signifying the RBI’s intent to support recent, high-quality scholarly contributions .

Aligning with National Language Goals

This scheme aligns with India’s broader policy to elevate Hindi within academic and professional spheres, where English currently dominates. By promoting Hindi originals rather than translations, it boosts indigenous scholarship and terminologies in economics and finance

Democratizing Economic Literacy

Beyond academic goals, the scheme aims to democratize financial knowledge. Accessible textbooks in Hindi can significantly empower students, rural populations, and Hindi-preferring readers to grasp complex economic ideas with ease .

Complementing New Education Policy

The initiative dovetails with the National Education Policy’s emphasis on multilingual education. Encouraging books in regional languages supports grassroots learning and retention in fields like banking and finance

Long-Term Vision: Institutional Shift

Over time, the RBI expects this scheme to gradually enhance Hindi’s presence in finance. This will bridge linguistic gaps and support inclusive knowledge ecosystems in academic, regulatory, and public spheres

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🔍 Why This News Matters

Language Inclusivity in Academia

By encouraging original scholarship in Hindi, RBI steps beyond mere translation and targets language equity. This aids students more comfortable with Hindi to access learning materials in their mother tongue.

Boost for Aspirants

For government exam candidates (for banking, railways, defence, civil services), this scheme could lead to more Hindi-language study materials on key topics like monetary policy, banking operations, financial markets, and macroeconomics.

Policy-driven Change

This move reflects a broader trend in India to decolonize education—traditionally dominated by English—bringing serious academic subjects into regional languages without compromising depth or quality.

Enhancing Economic Literacy

In a multilingual nation, having economic content in Hindi helps bridge knowledge gaps, promoting financial inclusion and informed decision-making among Hindi-speaking communities.

Academic Recognition

Monetary awards position Hindi authorship as prestigious, attracting high-quality original research and strengthening academic thought leadership in Hindi.

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🕰 Historical Context: Encouraging Hindi Scholarly Works

The RBI-backed scheme continues a legacy of Indian institutions promoting Hindi-origin content in academic and professional fields. Comparable initiatives include the Medini Puraskar Yojna, formerly by the Environment Ministry, and ongoing efforts by National Book Trust to support regional language publications These policies seek to develop domain-specific terminologies and deepen knowledge frameworks in Hindi. Under NEP 2020, India is pushing for “learn in mother tongue/regional language”—the RBI scheme exemplifies this by fostering authentic finance literature directly in Hindi, not through translation.

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📝 Key Takeaways from RBI Scheme

Frequently Asked Questions (FAQs)

Q1. What is the main objective of the RBI’s new scheme?
The scheme aims to promote the writing of original books in Hindi in the fields of economics, banking, and finance to enhance academic content and financial literacy in the Hindi language.

Q2. Who can apply under this scheme?
Working and retired Assistant and Associate Professors from UGC-recognised universities are eligible to participate in this scheme.

Q3. What is the minimum requirement for the book under this scheme?
Each book must be a minimum of 200 pages and must be written originally in Hindi (not translated) on topics related to economics, banking, or finance.

Q4. What is the prize money for selected books?
The Reserve Bank of India will award three prizes of ₹1.25 lakh each to the best original books in Hindi.

Q5. From which date are published books considered eligible for the scheme?
Only books published on or after April 1, 2024, are considered eligible for the scheme.

Q6. How does this scheme benefit competitive exam aspirants?
It encourages the availability of academic resources in Hindi, making study materials more accessible to Hindi-speaking aspirants preparing for exams like UPSC, SSC, Banking, Railways, Defence, and Teaching.

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