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Business EconomyPosted at: Feb 22 2019 4:54PM


MSE organises 'Financial Inclusion Seminar'

Panaji, Feb 22 (UNI) Metropolitan Stock Exchange of India Ltd (MSE) on Friday organised a 'Financial Inclusion Seminar' in the city for imparting financial literacy and educating men and women of Goa about stock market investing in a bid to reduce the gender and geographical skew that exists in market participation.
Speaking at the seminar, Treasa Kuriala, AGM, SEBI, said,''For inclusive development of our capital markets, more participation is needed from common people from all parts of the country. Hence, exchanges and all the industry stakeholders need to come together for spreading financial literacy among the masses for encouraging broad-based participation on our markets.''
Suresh Viswanathan, an expert on securities market literacy and the chief guest at the function said,''Financial literacy is imperative in making educated investment decisions, especially for retail investors. Enhancing participation of public at large on stock markets will require investors to understand the basic nuances of stock trading and risk-based investment. The programmes organised by experienced exchanges like MSE shall go a long way in attainment of this goal.''
Highlighting the need to motivate people from smaller towns and cities to join the markets, P K Ramesh, Head of Regulatory Affairs and Operations, MSE, said,''There has been a steady increase in number of people from smaller towns and cities indirectly investing in stock markets through the mutual fund route. We believe that this is indicative of the latent investment appetite of people from non-metros and Tier-II, Tier-III cities. MSEI has demonstrated its commitment towards inculcating healthy capital markets culture through investor awareness campaigns being conducted across the length and breath of the country. It is the belief of the MSE that such sessions to equip the investors shall be quintessential to drive the next phase of stock market growth.''
The Goa 'Financial Inclusion Seminar' was a part of series of programmes by MSE across all parts of India. The exchange has so far conducted such financial literacy and inclusion drives in 11 locations across the country and in remote areas such as Bharuch, Erode, Warangal, Nanjagud, Gandhidham, under the suggestions and guidance of market regulator Security and Exchange Board of India (SEBI) for broad-based stock market participation.
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