Q. With reference to the Niveshak Didi initiative, consider the following statements:
1.It is a women-led financial literacy initiative launched jointly by the Ministry of Finance and India Post Payments Bank.
2.The initiative aims to empower rural communities through community-based financial education.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation:

  • Statement 1 is incorrect: While the India Post Payments Bank (IPPB) is indeed involved, the initiative is not launched by the Ministry of Finance. It is a joint effort by:
    • The Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, and
    • IPPB under the Ministry of Communications (Department of Posts).
  • Statement 2 is correct: The Niveshak Didi initiative is a women-led program that focuses on community-based financial education to empower rural populations, especially women, by enhancing financial literacy and awareness.

Source- PIB

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