NAMPHAI : An awareness programme on government schemes, financial literacy and entrepreneurship was conducted at ITI Namphai-I in Changlang district on Tuesday, with around 80 students participating enthusiastically.
The programme was organised at the initiative of the Department of Skill Development and Entrepreneurship, Government of Arunachal Pradesh, and facilitated by NABARD Assistant General Manager (District Development) Kamal Roy.
In the first session, Roy provided an overview of the Indian banking system and various financial services available to the public. He explained the functions of different types of banks and familiarised students with banking products such as savings accounts, current accounts, recurring deposits and fixed deposits.
Emphasising the importance of financial literacy, he also highlighted the roles of key financial regulators, including the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI) and Securities and Exchange Board of India (SEBI).
Roy further discussed the significance of insurance, covering life, general and motor insurance, and explained procedures related to the Indian Motor Tariff (IMT) and the Motor Accident Claims Tribunal (MACT). Students were also introduced to investment avenues such as mutual funds and the benefits of Systematic Investment Plans (SIPs) for long-term financial planning.
The second session focused on Central and state government schemes aimed at promoting entrepreneurship and self-employment among youth. Participants were briefed on flagship schemes including the Prime Minister’s Employment Generation Programme (PMEGP), Prime Minister Formalisation of Micro Food Processing Enterprises Scheme (PMFME), PM Vishwakarma, PM Mudra Yojana, PM SVANidhi and Stand-Up India.
State government initiatives such as the Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY), Atma Nirbhar Krishi Yojana, Atma Nirbhar Bagwani Yojana, Atma Nirbhar Pashu Palan Yojana and Atma Nirbhar Matsya Palan Yojana were also highlighted.
Roy underscored the importance of UDYAM registration in formalising enterprises and enabling entrepreneurs to access government support and benefits. Students actively participated in the interactive sessions, seeking clarifications on various schemes and expressing keen interest in entrepreneurship opportunities.
The programme concluded with a vote of thanks by the course instructor, who appreciated the resource person for delivering informative and motivating sessions.
The event helped enhance students’ awareness of financial management, government support mechanisms and opportunities for entrepreneurship and self-employment. (DIPR)
