India’s first floating financial literacy camp was organized recently by India Post Payments Bank (IPPB)

About the Floating Financial Literacy Camp

• India’s First Floating Financial Literacy Camp was conducted as part of the launch of the initiative called “Niveshak Didi” in Jammu and Kashmir’s Srinagar.
• It was conducted among local residents around the famous Dal Lake in Srinagar.
• It focused on topics like:
• Various banking and financial products
• Importance of joining the mainstream financial services provided by various regulated entities
• Protection against various types of risks related to investments and frauds.

What is “Niveshak Didi” initiative?

• “Niveshak Didi” initiative is implemented based on the concept of “by the women, for the women”. This concept believes that women in rural regions are more comfortable sharing their queries to other women.

About IPPB

• The India Post Payments Bank (IPPB) comes under the aegis of the Department of Posts, Ministry of Communication. It is fully owned by the central government. This bank was launched on September 1, 2018 to become the most accessible, affordable and trusted bank for common man in India.