Open lottery for the youth of UP! Yogi government will give this special training absolutely free to more than 1.5 lakh students

Just making the youth of Uttar Pradesh skilled and connecting them with employment is no longer the only goal of the Yogi government. The government is now rapidly expanding the scope of its priorities. CM Yogi’s vision now is to make the youth of the state economically empowered, aware and responsible citizens ready for every challenge of the future.

To implement this brilliant vision of Chief Minister Yogi Adityanath, a big agreement i.e. MoU has been signed on Friday between Uttar Pradesh Skill Development Mission (UPSDM) and National Stock Exchange (NSE). On the special initiative of Mission Director Pulkit Khare, for the first time in the state, skill training is being directly linked with financial education. Under this new partnership, more than 1.5 lakh youth studying in more than 1000 training centers across the state under UPSDM and Deen Dayal Upadhyaya Gramin Kaushalya Yojana (DDU-GKY) will be given special training in financial skilling from next week.

Youth will get special training in money management

Just before this historic MoU, a ‘Financial Literacy and Awareness Workshop’ was organized in the auditorium of the Mission Headquarters. In this workshop, the officers and employees of the department were explained in detail about the importance of financial awareness and the ability to take right financial decisions. The Mission Director himself was present in the program. In his address, he said that in today’s digital era, when online fraud, fake investment schemes and financial uncertainties are continuously increasing, imparting financial education to the youth has become the biggest demand of the time. Keeping this in mind, the government has decided to provide training in financial skilling to the youth.

Experts shared 12 basic mantras of financial success

During the workshop, senior officials of National Stock Exchange (NSE) through an excellent presentation told about the 12 most important basic mantras to achieve financial success. Experts said that the youth should first develop the habit of saving for their secure future. You should always spend less than your total income and always keep an emergency fund ready. Apart from this, one should avoid taking high interest loans and develop the habit of regular investment. Experts also advised that instead of investing all the money in one place, there should be diversity in investment. There should be a complete understanding of risk and return while investing. Investment option should be chosen keeping tax in mind and necessary insurance should be done. Youth should always focus on long term assets and should review their entire investment from time to time.

‘Sarthi App’ will become the new digital financial guide for the youth.

The employees present in this special workshop were also given detailed information about ‘SaaRthi App’. This app is a very useful and excellent digital platform designed for investment education. It provides users with great facilities like informative and educational videos related to investments, modern financial planning tools, advanced calculators and financial health checkups from the comfort of their homes.

Along with skill, now financial understanding is also very important.

This MoU between Yogi Government and National Stock Exchange is going to bring a revolutionary and very important change in the lives of the youth of the state. Till now, the youth who got employment after taking skill training used to earn income only in the form of salary, but now they will also be able to understand how to utilize their first salary properly. They will learn how to start budgeting and saving, when, where and how to invest, and how to avoid unnecessary debt traps. This training will enable the youth to buy their own house in future, start a new business, ensure financial security of their family as well as take major life decisions like good education of children, health and retirement wisely.

Additionally, this financial awareness will help them stay completely safe from online frauds, fake investment schemes and major financial risks. This step of the government will prove to be a milestone in taking the youth beyond just getting a job through “Skill + Financial Intelligence” towards complete economic self-reliance.

Additional Mission Director Pooja Mishra, Joint Director Mayank Gangwar, Finance Controller Sandeep Kumar, Assistant Director MK Singh, Assistant Director Pavitra Tandon and many other employees of the Mission were present in this important workshop. At the same time, on behalf of NSE, Chief Regulatory Officer Ankit Sharma, Vice President Joginder Singh and Senior Incharge of UP Region Shruti Sharma also registered their presence. Officials believe that the real objective of skill development is incomplete unless the youth of our country and state learn to properly utilize and manage their hard-earned money. In today’s time, it is not enough to just get employment, but it is even more important to become financially wise. This partnership with NSE will prepare the youth for the new era, making them not just employees but economically capable citizens of the country.