In a bid to promote financial literacy, the government is set to launch an investor outreach programme called Niveshak Shivir, starting Thursday, May 29.
This is a pilot project, jointly organised by market regulator SEBI and the Investor Education and Protection Fund Authority (IEPFA), which operates under the Ministry of Corporate Affairs, with the first leg scheduled to take place from the next month in Pune, Maharashtra..
According to the government, this initiative aims to serve as a one-stop solution for investors to resolve issues related to unclaimed dividends and shares, and to provide direct access to investor services.
Whar are objectives of financial camp?
The government aims to achieve the following through the financial camp:
- Help investors claim dividends that have remained unclaimed for 6–7 years
- Provide on-the-spot updates for KYC and nomination details
- Resolve pending issues related to IEPFA claims
The camp is designed to allow investors to interact directly with companies and Registrars and Transfer Agents (RTAs), eliminating the need for intermediaries.
It will also offer quick assistance in resolving investor complaints.
Companies with a large number of unclaimed dividend accounts will be invited to participate and set up help desks.
If you are interest to join the location, interested people can apply for registration via official link: nicforms.nic.in/nicforms_designer/nic_form_selector.php?form_id=enRhYmxlNjgzNzE5ODdjNWQ1MTIwMjUwNTI4Mg==
Venue, timings
The first camp will be held from 10 am to 4 pm at Lemon Tree, City Center, 15 & 15A, Connaught Road, Modi Colony, Pune, Maharashtra (edited)