The Assam government has signed a Memorandum of Understanding (MoU) with the National Stock Exchange (NSE) to introduce a student-focused skilling initiative in the banking, financial services, and insurance (BFSI) sector. The agreement was formalised at the ‘Advantage Assam 2.0 Summit’ on Wednesday.
With this collaboration, Assam becomes the fourth state to partner with NSE for youth skill development, following Uttarakhand, Meghalaya, and Chhattisgarh. The programme, backed by the state government, aims to equip students with industry-relevant knowledge in BFSI, enhancing their employment prospects and promoting entrepreneurship.
This initiative aligns with the National Education Policy (2020) and Assam’s vision to promote skill development as a catalyst for economic growth. By addressing the skill gap, the programme intends to prepare students for rewarding careers in the financial sector.
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Dr. Ranoj Pegu, Assam’s Minister for Higher Education, School Education, and Tribal Affairs, emphasised the strategic importance of the initiative. “This collaboration is a crucial step towards making Assam a BFSI hub in the Northeast, ensuring a brighter economic future for our youth,” he said.
NSE’s Chief Business Development Officer, Sriram Krishnan, highlighted the state’s potential and NSE’s role in developing financial sector talent. “Assam’s strategic position makes it an ideal location for nurturing a new generation of BFSI professionals,” he stated.
Investor participation in Assam has also seen remarkable growth, rising from 0.7% in 2019 to 2.3% in 2024. Additionally, the state ranks fifth in female investor participation, with women accounting for 29.8% of total investors.
