Niveshak Didi initiative
Context:
Recently, the India Post Payments Bank (IPPB) and Investor Education and Protection Fund Authority (IEPFA) have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the “Niveshak Didi” initiative.
Key Highlights:
- About the Initiative:
- “Niveshak Didi” is a financial literacy program designed to empower women through financial education.
- It follows the model “By the women, for the women”, leveraging women postal workers and community leaders as local financial educators.
- The initiative is a collaboration between India Post Payments Bank (IPPB) and IEPFA (under the Ministry of Corporate Affairs).
- Objective: Promote grassroots-level financial literacy, especially among rural and semi-urban women.
- The new Phase 2 focuses on the expansion of outreach and capacity building to reach wider sections of women across India.
- About IPPB: It was launched in 2018 under the Department of Posts, Ministry of Communication.
- It is 100% government-owned.
Prelims Practice Question:
Q. “Niveshak Didi”, recently seen in the news, is an initiative to:
A) Train women in coding and IT skills
B) Promote menstrual hygiene in rural India
C) Enhance financial literacy among women using women postal workers
D) Provide micro-loans to women entrepreneurs
Answer: C
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