The programmes are being organised to help people learn about the basics of stock market, financial planning and safe investing and to encourage them to participate in the country’s capital market.
NSE has already organised nine IAPs covering nine districts in the state- Balasore, Bhadrak, Cuttack, Bhubaneswar, Nayagarh, Dhenkanal, Angul, Jagatsinghpur and Kendrapara. It plans to organise 41 more IAPs by the end of 2015-16.
More From This Section
“We have constantly reached out beyond metro cities, with an aim to bring more people into the formal financial system. Growth in the financial sector will throw up multi-dimensional opportunities in the coming years. Our attempts will also ensure faster financial inclusions,” said Chitra Ramkrishna, managing director and chief executive officer of NSE.
In 2014-15, NSE conducted awareness programmes in 13 states, covering 135 districts. Through this drive, NSE reached out to more than 20,000 participants including 8,000 college students. These awareness programmes were organised in the eastern states of Odisha, West Bengal, Bihar and Jharkhand, the seven North Eastern states, Sikkim and the Union territory of Andaman & Nicobar Islands.
At these programmes, investors were advised on the steps they should take, to ensure that their interests are protected. They were given guidance on how to trade cautiously, not to get misled by market rumours and invest according to a wise investment plan. Investors were also educated on the precautions they should take before, during and after trading.
The programmes included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorized trades have been executed by a Sebi (Securities & Exchange Board of India) registered broker. To ensure investor protection, they were advised on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents for safe investing.