Assam: The Assam government has partnered with the National Stock Exchange (NSE) to provide skill training in the Banking, Financial Services, and Insurance (BFSI) sector. The initiative, formalized at the Advantage Assam 2.0 Summit, aims to equip young people with industry-relevant skills to improve job opportunities in the sector.
Assam Joins National BFSI Skilling Program
A Memorandum of Understanding (MoU) was signed between Assam’s Higher Education Department and NSE, making Assam the fourth state to collaborate with the stock exchange on youth skilling, following Uttarakhand, Meghalaya, and Chhattisgarh. The agreement was signed by Narayan Konwar, Secretary of Assam’s Higher Education Department, and Sriram Krishnan, Chief Business Development Officer at NSE, in the presence of Assam’s Higher Education Minister Dr. Ranoj Pegu. The initiative is also in line with the National Education Policy (NEP) 2020, which advocates industry-aligned skill development.
Financial Sector Growth and Employment Push
Assam has witnessed an increase in financial sector participation, with the number of registered investors growing to 24.6 lakh. The state also has one of the highest female investor participation rates in India at 29.8%. Additionally, overall investor growth has more than tripled in the past five years, rising from 0.7% in 2019 to 2.3% in 2024.
The initiative is expected to bridge the skills gap in the BFSI sector, which has seen rising demand for trained professionals. By collaborating with NSE, Assam aims to improve both employment and self-employment opportunities for youth in financial services.
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