IEPFA and ACCA Sign MOU to Empower Financial Literacy Across India

Current Context: The Memorandum of Understanding (MOU) signed between the Investor Education and Protection Fund Authority (IEPFA) and the Association of Chartered Certified Accountants (ACCA).

Date and Location: The MOU was signed on December 12, 2024, in New Delhi.
Aim: The primary aim of this MOU is to advance financial literacy, investor education, and investor protection across India.
Key Highlights:

Financial Literacy Programs: The MOU includes the implementation of ACCA's Financial Education for You (FEFY) program, which targets schoolchildren to promote early financial education.
Professional Training: The MOU outlines plans for professional training for educators to enhance their skills in teaching financial literacy.
Seminars and Workshops: Both organizations will collaborate to organize seminars and workshops on financial education to reach a wider audience and raise awareness about the importance of financial literacy.

Question:

1 What is the primary aim of the MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants (ACCA)?