News: Recently, the Investor Education and Protection Fund Authority (IEPFA) has successfully inaugurated Phase II of Niveshak Didi.
About Niveshak Didi – Phase II
- It is flagship financial literacy initiative by Ministry of Corporate Affairs
- Launched by: Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs.
- Launched in: The Phase-I was launched in 2023, currently entering Phase 2 in April 2025.
- Aim: To deepen financial awareness among rural communities across India.
- Objectives of Phase II:
- To enhance financial awareness and encourage responsible money management practices among rural women by adopting community-driven models.
- To foster inclusive banking, strengthen digital literacy, and prevent financial frauds through the involvement of local women influencers.
- The initiative is designed as a program led by women for women to create relatable and impactful learning experiences.
- Key Features of Phase II
- It introduces interactive and participatory training modules to make learning more engaging.
- It partners with grassroots organisations to maximize impact and ensure community involvement.
- The program emphasizes the importance of savings, safe investment practices, and fraud prevention.
- It also focuses on enabling women and rural citizens to use digital financial services confidently.
About IEPFA
- The Investor Education and Protection Fund Authority (IEPFA) was established by the Government of India under the Ministry of Corporate Affairs.
- Mandate: To promote investor education, financial awareness, and investor protection.
- It organizes nationwide programs and outreach activities to empower citizens with financial knowledge.
- It also works to safeguard citizens against fraudulent practices and to build a more financially resilient society.
