Youth receiving skill training at over 1000 centres of

UPSDMU and DDU-GKY will be benefited

Along with employment, mission will make youth self-reliant

on 'Skill + Financial Intelligence' model

Workshop organized at Mission HQ, officers and employees

also learned 12 fundamentals of financial management

Lucknow, 12 June (HS): The Yogi government's goal is no

longer just to skill the state's youth and connect them with employment. It

also broadens its priorities to empower youth to become economically empowered,

aware, and prepared for future challenges. Translating this vision of the Chief

Minister into reality, MoU was signed on Friday between the Uttar Pradesh Skill

Development Mission (UPSDM) and the National Stock Exchange (NSE). This

initiative by the Yogi government marks the first time that skill training is

being linked with financial education. Under this partnership, more than 1.5

lakh youth receiving training at over 1,000 training centers across the state

under the UPSDM and Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU GKY)

will receive specialized training in financial skills starting next week.

Kapil Dev Agarwal, Minister of State (Independent Charge)

for Vocational Education, Skill Development, and Entrepreneurship, said that

this MoU will bring a significant change in the lives of the state's youth.

After receiving skills training, young people who gain employment will not only

earn income, but will also understand how to effectively utilize their first

salary, how to start budgeting and saving, when and where to invest, how to

avoid debt, and how to build future financial security. This training will also

enable young people to make major life decisions such as buying a home,

starting a business, family financial security, children's education, health,

and retirement. Financial awareness will also help them stay safe from online

fraud, fraudulent investment schemes, and financial risks. This will be a

historic step in moving youth beyond employment to economic self-reliance

through Skills + Financial Intelligence.

Prior to the MoU, a Financial Literacy and Awareness

Workshop was held in the auditorium at Mission Headquarters, where departmental

officers and employees were informed about the importance of financial

awareness and financial decision-making. The Mission Director was also present.

He stated that in today's era of online fraud, fraudulent investment schemes,

and financial uncertainty, providing financial education to youth has become a

pressing need. Keeping this in mind, we have decided to offer financial skills

training.

Through a presentation, NSE officials shared 12 key

principles of financial success. They emphasized saving for your future.

Spending less than your income is essential. Maintain an emergency fund. Avoid

high-interest loans. Make regular investments. Maintain diversification.

Understand risk and returns. Invest with tax considerations. Obtain necessary

insurance. Acquire long-term assets and periodically review your investments.

The workshop also provided employees with a detailed

introduction to the SaaRthi App, a useful digital platform designed for

investment education, providing users with investment educational videos,

financial planning tools, calculators, and financial health checkups.

Additional Mission Director Pooja Mishra, Joint Director

Mayank Gangwar, Finance Controller Sandeep Kumar, Assistant Director MK Singh,

Assistant Director Pavitra Tandon, and other Mission staff were present at the

workshop. NSE Chief Regulatory Officer Ankit Sharma, Vice President Joginder

Singh, and Senior Incharge of the UP Region Shruti Sharma were also present.

“The true purpose of skill development remains unfulfilled

until our youth learn to properly utilize and manage their earnings. Finding

employment is essential today, but becoming financially savvy is even more

crucial. This partnership with NSE will prepare youth on the model of skill +

financial intelligence, enabling them to become not just job seekers but also

financially capable and responsible citizens,” said Pulkit Khare, Mission

Director, Uttar Pradesh Skill Development Mission.

Hindusthan Samachar / Abhishek Awasthi