Financial Literacy and Credit Counseling Centre (FLCC) was opened at Kavaratti, Lakshadweep on 10.01.2014 as per the RBI guidelines and to comply with the decision taken in various UTLBC meetings. The objective of the FLCs is to provide free financial literacy services including education on responsible borrowing, proactive and early savings and offering debt counselling to individuals, educate people in rural and urban areas with regard to various financial products and services available from the formal financial sector.

Since inception of the FLCC here at Kavaratti, camps have been conducted in many islands to edify the various target groups viz. Farmers, SHGs, Small Entrepreneurs, senior citizens, School Students and among unemployed youths.

District Name Location of FLCs Sponsoring Bank Name of contact official Contact details
Telephone Email
LAKSHADWEEP Kavaratti island Syndicate Bank Abdul Salam K C 9447798036


The entire group of islands is considered as one district for lead bank purposes. Syndicate Bank is the lead bank and convenor of the Union Territory of Lakshadweep Bankers’ Committee. Syndicate Bank has opened its first branch at Kavaratti in 1971 and is operating throughout the UTL with nine branches in nine major islands. State Bank of India opened its first branch in April 2005 at

Contact us

Deputy General Manager
Syndicate Bank, Regional Office,
Pioneer Towers, 1st Floor,
Shanmugam Road
Ernakulam – 682031.
0484 - 2367063 / 2360035 / 2369090


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