Kotak Securities’ CSR Initiative with NISM – “Kona Kona Shiksha” Imparts Education on Financial Literacy to Over 55,000 Students across India
Mumbai, 2nd November, 2022: Kotak Securities Limited (KSL) and its CSR Associate, National Institute of Securities Markets (NISM) today announced that “Kona Kona Shiksha” has imparted education on financial literacy to over 55,000 students across India. “Kona Kona Shiksha” is Kotak Securities’ CSR Project on Education & Livelihood to promote financial literacy among the students of the country, which is being implemented by NISM. Since its launch in July, 2021, this CSR initiative has been implemented across 164 locations across India with 750 training programmes conducted so far.
NISM is the implementing agency for KSL’s CSR Project “Kona Kona Shiksha” where NISM through empaneled resource persons train students at colleges across India and through online teaching modules (Kona Kona of India). Each student undergoes a rigorous 10-hour training module, which will conclude with an online assessment and certification by NISM. In cities like Bhopal, Indore, Pune and Surat the participation of the students was the maximum.
“Kona Kona Shiksha” empowers students with knowledge on personal finance, fundamentals of investing in securities markets, investment principles and practices, etc. The aim of KSL’s CSR initiative is to create financially knowledgeable and skilled students and to open-up career opportunities in the financial services industry.
Dr. CKG Nair, Director, NISM said, “NISM is happy to be associated with Kotak Securities for its CSR Project on Financial Literacy for students. As India is going in the direction of Innovation and start-up culture where the students would not only be a job seeker, but also a job provider, therefore, having financial awareness is a must in this era. This CSR Project has helped many students to understand the topics ranging from the basics of investment to the details of the securities market products, Institutions and intermediaries. There is a huge requirement for such training programmes across India and we are determined to reach out to more cities and students in this financial year.”
Narayan SA, Chairman, Kotak Securities Limited said, “I am truly excited with the milestone Kona Kona Shiksha has achieved in the last one year. The journey we had set forth at Kotak Securities in collaboration with NISM to impart financial literacy for the students across the country has been significant so far and inspires us to expand the programme to the unreached locations in the country. This CSR initiative will help the students craft their pursuit with adequate knowledge of finance and be there in the race well-equipped.”
In addition to “Kona Kona Shiksha”, Kotak Securities’ implements its CSR Project on Education & Livelihood with partner organisations such as Kotak Education Foundation (KEF) and Pratham Education Foundation.
