JAMMU, Nov 15: Bombay Stock exchange BSE has signed MoU with the Skill development Department, Jammu and Kashmir government to spread financial awareness, support economic development and encourage sustainable livelihood of the youth in the Union territory.
On Wednesday, representatives from the BSE and Mr. Saurabh Bhagat, Secretary to the Government, Skill Development Department, signed Memorandum of Understanding (MoU) in the Secretary's office chamber.
In its inaugural phase, this collaborative initiative is poised to make a substantial impact by reaching 1500 youth, nurturing a culture of financial literacy. The primary objective is to redirect investments from traditional sectors towards more lucrative financial institutions. This strategic partnership is not merely transactional; it aspires to equip the youth of Jammu and Kashmir with essential knowledge and skills, effectively bridging the gap between conventional and contemporary financial landscapes.
The memorandum's significance extends beyond individual empowerment; it aligns with a comprehensive vision of augmenting economic understanding and diversifying investment opportunities, thereby fortifying the financial ecosystem. Beyond the student demographic, this awareness program will also extend its reach to various chambers and business associations, fostering a broader understanding of financial dynamics and promoting informed decision-making across diverse sectors. "Skill development Department” has been continuously working on policy and process interventions to bridge the skill gaps, create conducive environment for collaborative efforts to generate employment opportunities in various sectors,"
The secretary affirmed dedication of the government towards holistic development by embracing global strategies for youth empowerment, sustainable livelihoods, and enhancing financial literacy in Jammu and Kashmir. Saurabh Bhagat stressed the necessity for Jammu and Kashmir students to excel in diverse disciplines, not only bolstering personal livelihoods but also contributing to the vision of a self-reliant India (Atma Nirbhar Bharat) and the overarching goal of a developed India by 2047 in a fiercely competitive global landscape.
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