The Investor Education and Protection Fund Authority (IEPFA), in collaboration with the National Council of Applied Economic Research (NCAER) and the International Management Institute (IMI), hosted a workshop on ‘Promoting Women Financial Literacy for Viksit Bharat through an Effective Investor Education and Protection Regime in the Digital Era’ in New Delhi, today, to mark International Women's Day.

 

 

During her keynote address, Smt. Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs (MCA), emphasised on the critical importance of financial literacy for women in today's digitalised world, drawing parallels between prominent figures such as Lakshmi, Athena, Penelope and Hera, and the virtues of wisdom, resilience, sovereignty, and prosperity in managing personal finances. Smt. Akella stressed on the need for women to equip themselves with knowledge and skills for modern finance, recognise their financial power, and navigate the digital landscape with vigilance against cyber threats.

 

 

Smt. Akella highlighted that financial literacy transcends mere numerical understanding; it is about empowering informed decision-making for a secure financial future.

Dr. C.S. Mohapatra, the IEPF Chair Professor at NCAER, skillfully moderated the workshop, steering discussions towards actionable insights and ensured that the discussions were both engaging and beneficial for the participants. Notable speakers included Ms. Aprajita Sharma, Asst. Editor, Mint; Ms. Sonia Singh, Senior Financial Journalist; Ms. Amrita Monga Kapoor, Chief Mentor & COO at Swadhaar FinAccess; and Mr. Prabhu Narayan, Director, Cyber Security (Financial Sector), Department of Economic Affairs, Ministry of Finance.

 

 

Recognising the pivotal role of financial education in empowering women and its significance as a catalyst for societal advancement, this workshop, strategically scheduled on the eve of International Women’s Day, aimed to address and adapt financial literacy for the digital age, focusing on both its opportunities and challenges, especially in cybersecurity. This workshop was organised to boost female financial literacy level in India through financial experts, policymakers, and stakeholders to foster discussions on crucial topics such as claiming unclaimed shares, debentures, and other assets, and to revisit India's investor education and protection framework. This approach underscores the critical need for enhancing women's financial literacy for individual, household, and broader societal well-being.

The workshop concluded with an interactive Q&A session, followed by a vote of thanks from Prof. Ankita Tandon, Associate Professor at IMI. Prof. Tandon noted that the workshop represents a significant stride towards enhancing financial literacy among women in India, in line with the overarching objective of encouraging inclusive economic development and financial prosperity across all societal segments.

About IEPFA

The Investor Education and Protection Fund Authority (IEPFA) was set up on September 7, 2016, under the aegis of the Ministry of Corporate Affairs, Government of India, for administering the Investor Education and Protection Fund for making refunds of shares, unclaimed dividends, and matured deposits/debentures, among other things, to investors.

About NCAER

NCAER is India’s oldest and largest independent economic think tank, set up in 1956 to inform policy choices for both the public and private sectors. It is one of a few independent think tanks world-wide that combines rigorous economic analysis and policy outreach with deep data collection capabilities, particularly for large-scale household surveys. NCAER is led by its Director General, Dr Poonam Gupta, the institution’s first woman head, who assumed office on 1 July 2021, and it is governed by an independent Governing Body currently chaired by Mr. Nandan M. Nilekani.

About IMI

Set up in 1981, IMI New Delhi is India's first corporate sponsored business school. It was formed in collaboration with IMD Lausanne (then called as IMI) it soon carved a niche for itself and became a thriving hub for research and knowledge. Today, it is an established knowledge repository and training ground for aspiring managers.

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