The Uttar Pradesh Skill Development Mission (UPSDM) has joined forces with the National Stock Exchange (NSE) to foster a generation of financially aware and economically empowered youth. The collaboration was formalized on Friday, marking a significant step toward equipping young individuals with essential financial skills.
Massive Reach for Financial Training
Through this partnership, more than 1.5 lakh youth currently undergoing skill development across over 1,000 training centers under UPSDM and the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) will receive specialized financial skill training. The program is set to commence next week.
Mission director Pulkit Khare emphasized the importance of the initiative, stating, "This initiative integrates financial awareness with vocational training to strengthen long-term economic outcomes for youth."
Workshop on Financial Literacy
Prior to the signing of the Memorandum of Understanding (MoU), a financial literacy and awareness workshop was organized. The session aimed to sensitize departmental officers and staff about the significance of financial literacy, informed decision-making, and long-term financial planning. NSE experts shared 12 core principles of financial success, including savings discipline, living within one’s means, emergency preparedness, responsible borrowing, regular investing, diversification, understanding risk and return, tax-efficient investing, inflation planning, insurance awareness, estate planning, and periodic portfolio review.
Participants were also introduced to the SaaRthi App, an investor education platform that offers educational content, financial planning modules, calculators, and financial health assessment tools.
Practical Knowledge for Youth
According to officials, the initiative will provide practical knowledge on budgeting, savings, responsible investing, debt management, and informed financial planning. Khare added, "In today’s time of online frauds, misleading investment schemes, and financial uncertainties, financial education has become essential for our youth. Employment is important, but financial prudence is equally critical. This partnership will prepare youth for skill plus financial intelligence and empower them to become financially responsible and self-reliant citizens."
