The Meghalaya Education Department has sealed a strategic partnership with National Stock Exchange of India Limited, NSEIL, for improving the financial literacy of the youth in the state and providing them with more employment opportunities. The Memorandum of Understanding was signed today in the presence of the top government officials, Chief Minister Conrad K. Sangma, Education Minister Rakkam A. Sangma, Chief Secretary D.P. Wahlang, and Commissioner & Secretary Vijay Kumar Mantri.
The program aims at enhancing financial literacy and awareness among the youth, mainly investor education in the securities market and other sectors associated with it. The Memorandum of Understanding also identifies training programs for the rural and urban youth, enhancing their skills related to the BFSI sector.
This joint endeavor with NSEIL hopes to fill that gap in the area of financial awareness and create an employable workforce ready to work in this rapidly growing BFSI sector. The knowledge that recipients acquire through such training exercises, including but not limited to capital markets, mutual funds, and insurance, should dramatically improve their chances at better jobs for a wider array of positions within the spectrum of financial services.
The program would be open to both rural and urban youth, where participants learn the skills necessary to pursue their careers in banking, insurance, and related fields. Participants will be awarded certificates accredited by NSEIL upon successful completion of this course, which adds value to their qualifications and enhances prospects for their careers.
The signing ceremony was held at the Secretariat, where the Director of Higher and Technical Education and the Chief Business Development Officer of NSEIL formalized the MoU. This collaboration will also be the reflection of the commitment to developing skill and providing job opportunities in the youth community, primarily in the banking sector which is in growth.
This is part of a larger effort by the state government in promoting education and skill-building programs relevant to today’s market demand, empowering the youth of Meghalaya to better face the challenge of the new global economy.
