Niveshak Didi Initiative

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

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