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BSE signs 4 MoUs with Mission Youth, Government of J&K to spread Financial Literacy

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J&K govt inks pacts with BSE to spread financial literacy

On 27th November, 2020 BSE Limited (formerly known as Bombay Stock Exchange Ltd) signed four Memorandum of Understandings (MoU) with Mission Youth, Government of Jammu & Kashmir (J&K) to spread financial awareness, support economic development, encourage sustainable livelihood in the Union Territory of J&K.

The MoUs were signed by the representatives of BSE and Mission Youth, Chief Executive Officer (CEO), Syed Abid Rasheed Shah in the presence of Lieutenant Governor Manoj Sinha.

Objective:

The MoUs have been signed with an aim to develop Youngsters to develop skills to make a career in BFSI (Banking, Financial Services and Insurance).

Key Points:

i.Around 400 Youth will be trained in BFSI services in the first phase of the program.

ii.The collaboration will enable an easy transition of Youth and Women of J&K from classroom to workplace environment.

iii.The association will allow eligible candidates to attend financial awareness programmes, undergo skill courses in banking and financial markets and specialised programmes in mutual funds.

iv.It would also help candidates to enroll themselves in BSE Star Mutual Fund Platform.

80% Employment opportunities by 2025:

Lieutenant Governor of Kashmir has stated that the Administration of J&K will work for providing employment opportunities to 80% youth by 2025.

Recent Related News:

i.On 15th October 2020, Manoj Sinha, Lieutenant Governor (LG) of Jammu and Kashmir (J&K) announced the “My Town My Pride” programme to deliver services governance at doorsteps to the people in urban areas.

About BSE:

Managing Director & Chief Executive Officer – Ashishkumar Chauhan
Location – Mumbai, Maharashtra

About Jammu & Kashmir (J&K):

Hydro Projects – Ratle Hydroelectric project (River Chenab), Kiru hydro-electric project (River Chenab), Pakal Dul (Drangdhuran) Hydroelectric Project (River Marusudar), Kishanganga Power station (River Kishanganga), Dulhasti power station (River Chenab), Salal power station (River Chenab), Uri hydroelectric plant (River Jhelum).