NSE signs MoU with Government of Maharashtra and Moneybee Institute
The MoU aims to create awareness amongst the public about the various aspects of investing in the Capital Markets, provide relevant and practical knowledge to investors, enabling them to make informed investment decisions.
Mumbai: National Stock of India (NSE) signed today a Tri-partite Memorandum of understanding (MoU) with Higher and Technical Education department (HTED), Government of Maharashtra, and Moneybee Institute Pvt. Ltd. The MoU aims to create awareness amongst the public about the various aspects of investing in the Capital Markets, provide relevant and practical knowledge to investors, enabling them to make informed investment decisions.
Shri Devendra Fadnavis, Dy Chief Minister of Maharashtra said: “Financial literacy is the need of the hour today. Maharashtra Government is going to try to make lakhs of people literate through the agreement made by NSE and Money Bee. Maharashtra being the first state, through this initiative will be guided to avoid cyber fraud, create awareness about ponzi schemes and how and where to invest. I congratulate NSE and Money Bee Institute for this initiative.”
Shri Ashishkumar Chauhan, MD & CEO, NSE said: “Today’s MoU with the Government of Maharashtra and Moneybee Institute symbolizes our commitment towards investor awareness and financial literacy. As we begin our collaborative journey, we commit to empower and equip investors with relevant information for better decision-making.”
Shivani Dani Wakhare, DirectorMoneybee Institute Pvt. Ltd. said: “Maharashtra has become the first state to actively initiate the financial literacy campaign in such a concrete way. With leadership like Dy Chief Minister of Maharashtra, Devendra Fadnavis, and NSE’s support, it will bring revolution & prevent citizens of Maharashtra from being duped.”
Capital Markets play a crucial role in driving economic growth and it is important to promote education and awareness in the securities market for new, potential, and existing investors.
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data.NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions, and financial education offerings.NSE also oversees compliance by trading, clearing members, and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.