Union Minister Chaudhary Rings the Iconic NSE Bell and Marks NSDC’s Debut on NSE Social Stock Exchange,
Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, Govt of India, marked the National Skill Development Corporation’s (NSDC) debut on the Social Stock Exchange (SSE) platform of the National Stock Exchange (NSE), Mumbai and participated in the bell-ringing ceremony.
The occasion marked NSDC’s maiden issuance of Zero Coupon Zero Principal (ZCZP) instruments, with the National Bank for Agriculture and Rural Development (NABARD) subscribing Rs. 4 crore towards an innovative skilling and global employment initiative. The programme will support 600 young people from economically weaker Other Backward Classes (OBC) households in Madhya Pradesh, preparing them for international employment opportunities.
The ceremony was attended by Smt. Krishna Gaur, Minister of State (Independent Charge) for Backward Classes and Minorities Welfare, Government of Madhya Pradesh; Mangal Prabhat Lodha, Minister for Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra; Smt. Manisha Verma, Additional Chief Secretary, Government of Maharashtra; Smt. Manisha Sensarma, Additional Secretary, Ministry of Skill Development and Entrepreneurship (MSDE), Government of India; Ashishkumar Chauhan, MD & CEO, National Stock Exchange (NSE); Arunkumar Pillai, Chief Executive Officer, National Skill Development Corporation (NSDC); Dr. Shaji Krishnan V., Chairman, NABARD; and Alok Shriram, Managing Director, DCM Shriram International Ltd., along with representatives from partner organisations.
Dr. Shaji Krishnan V., Chairman, NABARD, said: “NABARD’s participation in Social Stock Exchange issue reflects our commitment to exploring innovative development-finance models. Arunkumar Pillai, CEO, NSDC, said: “NSDC’s debut on the Social Stock Exchange is an important step in our efforts to diversify financing for skill development and employment-linked interventions. (UPDATED ON 22ND OCT 26)
