Guwahati: The National Stock Exchange (NSE) and the Government of Assam have signed a Memorandum of Understanding (MoU) to implement a skill development program for students in the Banking, Financial Services, and Insurance (BFSI) sector. The agreement was formalised during the Advantage Assam 2.0 Summit, making Assam the fourth state to collaborate with NSE for youth skilling, following Uttarakhand, Meghalaya, and Chhattisgarh.
The MoU was exchanged between Shri Narayan Konwar, Secretary of the Higher Education Department, Government of Assam, and Sriram Krishnan, Chief Business Development Officer of NSE, in the presence of Dr. Ranoj Pegu, Minister for Higher Education, School Education, and Tribal Affairs, Government of Assam. Under this initiative, NSE, with the support of the Assam government, will roll out a skill-building program aimed at fostering financial literacy and enhancing employability in the BFSI sector across the state.
NSE-Assam MoU Signed
Skill development remains a critical component of national economic policies, including the National Education Policy (2020), which emphasizes employability and self-employment opportunities. This collaboration aligns with the Assam government's mission to equip its youth with BFSI sector expertise, bridging the skill gap and preparing them for future job prospects.
Speaking on the occasion, Dr. Ranoj Pegu highlighted the significance of this partnership, stating, "By leveraging NSE’s expertise and Assam’s young talent, we are setting the stage for the state to become a key BFSI hub in Northeast India. This initiative is a strategic investment in both our youth and the economic future of Assam, reinforcing our commitment to transforming Assam’s demographic dividend into an economic force. The collaboration is a proud moment as it aligns with the vision of Chief Minister Himanta Biswa Sarma."
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NSE’s Chief Business Development Officer, Shri Sriram Krishnan, emphasised the potential of Assam’s strategic location and the state’s growing role in India’s financial ecosystem. "The Advantage Assam 2.0 Summit, inaugurated by Prime Minister Narendra Modi under the leadership of Chief Minister Himanta Biswa Sarma, showcases Assam’s potential as an industrial hub. At NSE, we see immense growth prospects in the Northeast and are committed to empowering the youth with financial sector capabilities. This collaboration will play a vital role in building a skilled workforce for the BFSI sector," he stated.
Assam has emerged as a growing force in India’s investment landscape, with over 24.6 lakh registered investors. The state ranks fifth in female investor participation, with women constituting 29.8 per cent of the total investors. Additionally, investor growth in Assam has surged, increasing from 0.7 per cent in 2019 to 2.3 per cent in 2024. NSE aims to support this upward trajectory by promoting financial education, awareness, and transparency in the securities market.
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