NSE, Assam Government Partner to Skill Youth in BFSI Sector
The National Stock Exchange (NSE) and the Assam government have joined forces to equip students with industry-relevant skills in the banking, financial services, and insurance (BFSI) sector. The collaboration was formalized with the signing of a memorandum of understanding (MoU) at the 'Advantage Assam 2.0 Summit' on Wednesday.
Assam becomes the fourth state to partner with NSE for youth skill development, following Uttarakhand, Meghalaya, and Chhattisgarh. This initiative aims to bridge the skill gap and enhance employability and self-employment opportunities for the state's youth.
Under the partnership, NSE, with support from the state government, will launch a student skilling programme aligned with the National Education Policy (2020). The programme will focus on providing practical knowledge and expertise to help students build successful careers in the BFSI sector.
Dr. Ranoj Pegu, Assam’s Minister for Higher Education, School Education, and Tribal Affairs, expressed optimism about the initiative. “By bringing together the expertise of India’s premier stock exchange with Assam’s dynamic youth, we are laying the foundation for Assam to become a key hub for BFSI operations in Northeast India”, he said.
Pegu highlighted that this strategic collaboration aligns with the state’s vision of making Assam the skills capital of eastern India. “This is not just an investment in our youth but also in Assam’s long-term economic future,” he added.
Sriram Krishnan, Chief Business Development Officer, NSE, emphasized the potential of Assam’s youth. “We see tremendous opportunities in the northeast region and are committed to contributing to Assam’s growth. The state’s strategic location makes it an ideal partner for building a robust BFSI talent pool”, he stated.
Investor participation in Assam has surged, with the state’s investor base tripling from 0.7% in 2019 to 2.3% in 2024. Notably, Assam ranks fifth in the country for female investor participation, with women accounting for 29.8% of total investors.
This collaboration marks a significant step toward empowering Assam’s youth and positioning the state as a vital player in India’s evolving financial landscape.
