NSE Partners with Assam Government to Enhance Youth Skills in BFSI
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Synopsis
The National Stock Exchange (NSE) collaborates with the Assam government to launch a skilling initiative in the BFSI sector, enhancing employability and self-employment opportunities for youth, aligning with the National Education Policy (2020).
Key Takeaways
- Collaboration between NSE and Assam government
- Focus on BFSI sector skills
- Enhancement of youth employability
- Alignment with National Education Policy (2020)
- Empowerment through skill development
Mumbai, Feb 26 (NationPress) The National Stock Exchange (NSE) along with the Assam government has officially entered into a memorandum of understanding (MoU) to initiate a program aimed at skilling students in the banking, financial services and insurance (BFSI) sector.
This agreement was finalized during the ‘Advantage Assam 2.0 Summit’, marking Assam as the fourth state to collaborate with NSE in empowering youth, following Uttarakhand, Meghalaya, and Chhattisgarh.
Through this partnership, NSE, with backing from the state government, will roll out an initiative to enhance industry-relevant skills for students across Assam in the BFSI sector.
The objective of this program is to augment employability and facilitate self-employment opportunities among the youth.
This initiative is in line with the state's vision and the National Education Policy (2020), which prioritizes skill development as a critical element for increasing employment prospects.
By addressing the skills gap, this program aims to empower young individuals with the essential knowledge needed to forge careers in the BFSI sector.
“By uniting the expertise of India’s leading stock exchange with the vibrant youth of Assam, we are laying the groundwork for Assam to become a pivotal hub for BFSI operations in Northeast India,” stated Dr Ranoj Pegu, State Minister for Higher Education, School Education, and Tribal Affairs.
He further expressed that this partnership aligns seamlessly with our goal of transforming Assam into the skills capital of eastern India. “This is a strategic investment in both our youth and the economic future of Assam,” Pegu added.
Sriram Krishnan, Chief Business Development Officer (CBDO) at NSE, remarked that the exchange “recognizes immense potential in the northeast region and is committed to supporting the Assam government’s mission.”
He emphasized that this collaboration will undoubtedly contribute to developing financial sector competencies among the youth.
“The strategic location of the state makes it an ideal collaborator in establishing a new talent pool for BFSI,” Krishnan noted.
Investor engagement in Assam has also seen a remarkable increase, soaring from 0.7 percent in 2019 to 2.3 percent in 2024. The state boasts one of the highest rates of female participation in investing, with women comprising 29.8 percent of total investors – the fifth highest across Indian states.
