Mumbai, 14th June 2023: National Stock of India (NSE) signed today a Tri-partite Memorandum of understanding (MoU) with Higher and Technical Education department (HTED), Government of Maharashtra, and Moneybee Institute Pvt. Ltd. The MoU aims to create awareness amongst the public about the various aspects of investing in the Capital Markets, provide relevant and practical knowledge to investors, enabling them to make informed investment decisions.
Shri Devendra Fadnavis, Dy Chief Minister of Maharashtra said: “Financial literacy is the need of the hour today. Maharashtra Government is going to try to make lakhs of people literate through the agreement made by NSE and Money Bee. Maharashtra being the first state, through this initiative will be guided to avoid cyber fraud, create awareness about ponzi schemes and how and where to invest. I congratulate NSE and Money Bee Institute for this initiative.”
Shri Ashishkumar Chauhan, MD & CEO, NSE said: “Today’s MoU with the Government of Maharashtra and Moneybee Institute symbolizes our commitment towards investor awareness and financial literacy. As we begin our collaborative journey, we commit to empower and equip investors with relevant information for better decision-making.”
Shivani Dani Wakhare, Director Moneybee Institute Pvt. Ltd. said: “Maharashtra has become the first state to actively initiate the financial literacy campaign in such a concrete way. With leadership like Dy Chief Minister of Maharashtra, Devendra Fadnavis and NSE’s support, it will bring revolution & prevent citizens of Maharashtra from being duped.”
Capital Markets play a crucial role in driving economic growth and it is important to promote education and awareness in the securities market for new, potential, and existing investors.