Prelims – Current events of national and international importance| Economic and Social Development.
Mains (GS II) – Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
Why in News?
Recently, a Memorandum of Agreement (MoA) has signed jointly to launch the Phase 2 of the Niveshak Didi.
- Niveshak Didi – A unique initiative that trains women postal workers and community leaders to act as financial educators within their local regions.
- Aim – To scale financial literacy among women in rural, semi-urban, and underserved areas through grassroots mobilization and community-driven education.
- To empower rural women with the skills and confidence to make informed financial decisions.
- Nodal Ministry – Ministry of Corporate Affairs.
Phase 1 of Niveshak Didi was launched in 2022 and more than 55,000 beneficiaries participated in IPPB Financial Literacy Camps across India.
Approximately 60% female beneficiaries mostly in the youth & economically active age group.
- Launched by – Investor Education and Protection Fund Authority (IEPFA) and India Post Payments Bank (IPPB).
- Significance – It is a women-centric model led by almost 40,000 women postal workers trained as Niveshak Didis, who will conduct sessions on responsible investing, fraud awareness, savings habits, and digital banking tools.
- It enables them to build trust, inspire & share financial discipline, and create a lasting impact at the grassroots level.
Phase 2 will see the deployment of over 4,000 financial literacy camps across India.
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Investor Education and Protection Fund Authority (IEPFA)
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- Established on – 2016.
- It is a statutory body, under the Ministry of Corporate Affairs.
- Vision – To build a financially aware and confident India.
- Objective – To ensure that investors across the country are both informed and protected.
- To educate people about their rights and responsibilities as investors.
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- India Post Payments Bank (IPPB)
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- Established on – 2018, under the Ministry of Communication.
- Vision – To build the most accessible, affordable and trusted bank for the common man in India.
- Objective – To remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network.
- Key pillars – Enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers' doorstep.
- Significance – It delivers simple and affordable banking solutions through intuitive interfaces.
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Reference
PIB| Launch Phase 2 of Niveshak Didi
