NSE launches financial literacy initiative ' Jagruti' in Chhindwara, in partnership with India Post
India‘s leading stock exchange, the National Stock exchange (NSE) has partnered with India Post of the Government of India, to start a financial literacy initiative at fifty post offices in the country. After starting the initiative in Ratlam, NSE has launched this campaign at Chhindwara
in Madhya Pradesh on the 6th of October.
At Chhindwara, the alliance between the two behemoths, NSE and India Post, involves the setting up of a large sized screen at the PradhanDakGhar or head post office, in front of the district hospital, at Chhindwara. The screen will keep flashing data on NSE‘s benchmark index, Nifty 50, data on stocks and other indices, advice on investing wisely as well as information on products of India Post. The screen was inaugurated by senior officials from NSE and India post.
Chhindwara has become an important commercial hub, because it attracts tourists from many parts of India. It is a base from which tourists travel to nearby places like Patalkot, which is known for its scenic beauty , unique culture and the wealth of rare herbs that it offers. Tourism in and around Chhindwara has significantly contributed to economic growth in this region, making it an important centre for NSE to launch its financial literacy initiative.
Joint MD of NSE, MsChitraRamkrishna said, “India Post has a very large reach, through which we aim to increase financial literacy in the tier two and tier three cities of India. We hope this educational drive “Jagruti†will help the people of Chhindwara to grow their savings and expand their enterprises. ´â€˜
The screen at the Chhindwara post office will carry information on the do‘s and don‘ts of trading, for instance ´don‘t share your trading password with anyone‘, it is not mandatory to give a power of attorney to your broker and so on. The screen will also convey information on products for retail investors like Gold exchange traded funds and Nifty exchange traded funds, cost effective and transparent options to invest in gold and NSE‘s benchmark index, Nifty 50.
It will also carry information on products of India Post, like Online money transfers, Electronic money orders, Speed post, Savings certificates, Postal life insurance and Logistics solutions for Corporates.
The alliance with India Post comes after a series of steps by NSE to increase financial literacy. NSE has a tie up with more than 90 colleges in different parts of the country, to conduct short duration courses on the capital markets called the NSE Certified Capital Market Professional or the NCCMP. In Madhya Pradesh, the exchange has tied up with two colleges for the NCCMP courses, including the Cogent Business School and the Anushree Education Society.
The exchange has also tied up with three prominent universities for MBA and BBA (Bachelors in Business Administration) courses, including Punjabi university in Patiala, Guru Gobind Singh Indraprastha University at Delhi and the Maharishi Dayanand University in Rohtak. In another recent partnership, NSE has joined hands with IIM Shillong, to start a two year post graduate course in financial markets, the first to be started by an IIM.
For Further details, please contact:
Atul Malikram
9827092823