IEPFA - IPPB Sign Agreement to Launch Phase 2 of Niveshak Didi

The Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, and India Post Payments Bank (IPPB), operating under the Department of Posts, have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the Niveshak Didi to boost rural women’s financial literacy. Niveshak Didi trains women postal workers and community leaders to act as financial educators within their local regions.

IEPFA - IPPB Sign Agreement to Launch Phase 2 of Niveshak Didi

IEPFA - IPPB Sign MoA to Launch Phase 2 of Niveshak Didi to Boost Rural Women’s Financial Literacy

The Investor Education and Protection Fund Authority (IEPFA) and India Post Payments Bank (IPPB) have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the Niveshak Didi initiative to boost rural women’s financial literacy.

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What is the Niveshak Didi initiative?

Niveshak Didi is a unique initiative that trains women postal workers and community leaders to act as financial educators within their local regions.

Phase 1 of Niveshak Didi

During Phase 1 of Niveshak Didi, more than 55,000 beneficiaries participated in IPPB Financial Literacy Camps across India, with approx. 60% female beneficiaries mostly in the youth & economically active age group. Every 2 out of 3 such beneficiaries belonged to deep rural locations ensuring maximum penetration at the grassroots levels.

Phase 2 of Niveshak Didi

The Investor Education and Protection Fund Authority (IEPFA) and India Post Payments Bank (IPPB) have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the Niveshak Didi initiative.

Read Also: India Post, Amazon Sign MoU to Enhance Logistics Collaboration

Building on the success of Phase 1 of Niveshak Didi, this new phase will see the deployment of over 4,000 financial literacy camps across India. These camps will be led by almost 40,000 women postal workers trained as Niveshak Didis, who will conduct sessions on responsible investing, fraud awareness, savings habits, and digital banking tools.

Aims of Niveshak Didi

Niveshak Didi aims to scale financial literacy among women in rural, semi-urban, and underserved areas through grassroots mobilization and community-driven education.

About Investor Education And Protection Fund Authority

The Investor Education and Protection Fund Authority (IEPFA) is a statutory body functioning under the Ministry of Corporate Affairs, Government of India. It was established with a key objective to ensure that investors across the country are both informed and protected. In today’s dynamic financial landscape, where products and services are constantly evolving, the role of IEPFA becomes even more significant.

IEPFA plays a crucial role in promoting financial literacy, making it easier for individuals to understand the importance of managing personal finances. From budgeting and saving to making informed investment decisions, IEPFA empowers citizens with the knowledge needed to make sound financial choices.

One of its primary missions is to educate people about their rights and responsibilities as investors. This becomes particularly important for individuals living in rural and underserved areas, who may have limited access to reliable financial education or resources. By reaching out to these communities, IEPFA ensures that no one is left behind in the journey toward financial empowerment.

About India Post Payments Bank

India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India. IPPB was launched on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. 

The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising ~1,65,000 Post Offices (~140,000 in rural areas) and ~3,00,000 Postal employees.

Static Current Affairs related to India Post Payments Bank for upcoming exams

• Formation: 30 January 2017
• Headquarters: New Delhi
• Secretary, Department of Posts: Vineet Pandey