Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 18)
18.
What is the primary objective of Phase 2 of the "Niveshak Didi" initiative launched by EPFA and IPPB?
Promote digital banking in urban areas
Provide financial education for Rural Women
Offer micro-loans to women entrepreneurs
Train post office staff in investment planning
Answer: Option
Explanation:
The second phase of the "Niveshak Didi" initiative, launched by the Investor Education and Protection Fund Authority (EPFA) and India Post Payments Bank (IPPB), is aimed at enhancing financial literacy among rural women. The program empowers women by transforming them into financial educators who will conduct awareness sessions through IPPB camps. With a focus on community-driven education, the initiative targets underserved regions of India where access to financial knowledge is limited. Around 60% of the women involved will come from rural backgrounds, creating a ripple effect of informed financial decision-making and fostering greater inclusion in the formal financial ecosystem.
Discussion:
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