Niveshak Didi Initiative Latest News
Recently, the Investor Education and Protection Fund Authority (IEPFA) successfully launched Phase II of its flagship financial literacy initiative – Niveshak Didi at Hyderabad.
About Niveshak Didi Initiative
- Aim: The initiative is aimed at deepening financial awareness and empowering rural communities, particularly women.
- It is based on the ideology of women for women as rural area women feel more comfortable to share their queries with a female itself.
- Nodal Ministry: Ministry of Corporate Affairs
- Launched by: Investor Education and Protection Fund Authority
- Significance: It serves as a catalyst for bridging knowledge gaps and building confidence in communities.
Key Facts about Investor Education and Protection Fund Authority
- It was established in 2016 under the Companies Act, 2013.
- It empowers individuals to make informed financial choices and fosters a financially aware citizenry.
- Nodal Ministry: Ministry of Corporate Affairs
Functions of Investor Education and Protection Fund Authority
- It manages the Investor Education and Protection Fund (IEPF) and promotes investor awareness and financial protection.
- Make refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and promote awareness among investors.
- It is dedicated to safeguarding investor interests by facilitating the return of unclaimed shares and dividends and advancing financial literacy nationwide.
- Initiatives: Niveshak Didi, Niveshak Panchayat, and Niveshak Shivir,
Source: PIB
Niveshak Didi Initiative FAQs
Q1: What is the Niveshak Didi scheme?
Ans: It trains women postal workers and community leaders to act as financial educators within their local regions.
Q2: What is the meaning of financial literacy?
Ans: It is the knowledge and ability to manage your money in a way that helps you grow stability and feel confident and resilient.
