Jammu, Nov 15 (KNN) The Skill development Department, Jammu and Kashmir has signed an agreement with Bombay Stock exchange BSE to create financial awareness among the youth of the Union territory.

It also aims to support the economic development and encourage sustainable livelihood of the youth in the UT.

The MoU was signed on Wednesday between representatives from BSE and Saurabh Bhagat, Secretary to the Government, Skill Development Department.

As per reports, 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. 

During the MoU signing, Bhagat 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.

He 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.

(KNN Bureau)