Tech & Digital Empowerment

IEPFA-NCAER and IMI conduct workshop to enhance financial literacy among women in digital era | India News

NEW DELHI: 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), on Thursday hosted a workshop on enhancing financial literacy among women in digital era.

The workshop focused on leveraging digitalisation for financial empowerment and minimising cyber risks through discussions with financial experts and policymakers.

In her keynote address titled “Promoting Women Financial Literacy for Viksit Bharat through an Effective Investor Education and Protection Regime in the Digital Era,” Anita Shah Akella, CEO of IEPFA and joint secretary in the corporate affairs ministry, emphasized the importance of financial literacy for women in the digital realm.

She underscored the necessity for women to equip themselves with knowledge and skills for modern finance, urging them to recognize their financial power and navigate the digital landscape safely amidst cyber threats.

Dr. C S Mohapatra, IEPF chair professor at NCAER, highlighted the role of financial education in empowering women as India strives to become a developed nation by 2047 through the “Viksit Bharat @ 2047” mission. He discussed mechanisms for claiming unclaimed shares, debentures, etc., and revisited the investor education and protection regulatory regime in India.

Prabhu Narayan, director (Cyber Security) in the finance ministry, stressed digital inclusivity and highlighted the introduction of Central Bank Digital Currencies (CBDCs) by RBI as a step towards seamless and inclusive transactions. He emphasized the importance of robust cybersecurity measures in safeguarding India’s digital future against increasing risks and advocated for comprehensive cybersecurity education and protocols at national and organizational levels.

Amrita Monga Kapoor, chief mentor & COO of Swadhaar FinAccess, emphasized the critical connection between women’s empowerment and financial literacy. She highlighted the role of financial inclusion and investor education in driving economic growth and personal development, focusing on the transformative potential of digital banking innovations in enhancing accessibility and efficiency for women.

Sonia Singh, Senior Financial Journalist, emphasized the impact of socio-cultural factors on women’s financial literacy and empowerment, advocating for tailored educational strategies to overcome these barriers. She highlighted innovative education and protection models that boost women’s economic participation.

Aprajita Sharma, assistant editor at Mint, emphasized the link between financial planning, knowledge, and increasing female participation in finance. She advised saving and investing for those new to the workforce, underlining the importance of enhancing financial literacy.


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