NSE teams up with DEA for conducting awareness programmes

The initiative is expected to take financial products like ETFs to the masses

National Stock Exchange (NSE) has tied up with the National Savings Institute (NSI) of the Department of Economic Affairs for conducting awareness programmes to aid in the distribution of the National Savings Schemes (NSS). The distributors of NSS who operate through post offices and select banks will be educated on financial concepts like savings with a particular focus on exchange-traded funds.

"The initiative is expected to help them to take additional financial markets' products like Exchange Traded Funds (ETF) to the masses," said a release from the exchange.

The first set of programmes is expected to be over in the next six months and will focus on creating awareness about savings concepts and products like government savings and other capital market products along with exploring opportunities to empanel agents.

"NSI is partnering with NSE to enlarge the prospects of financial inclusion. Such training programs will help to enhance the skills and product offerings of numerous primary distributers who are present across India," said Deepak Verma, joint director, NSI.

NSI is currently connected to around 1.54 lakh Post Offices and 25,000 of selected bank branches in the country.