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- It’s a 100-day initiative to help investors claim unclaimed dividends and update outdated KYC/nomination details.
- Many investors still hold physical share certificates, risking loss of dividends.
- The campaign ensures direct payouts and prevents transfer of shares/dividends to IEPFA.
- Awareness drives include Niveshak Didi, Niveshak Panchayat, and Niveshak Shivir for financial literacy.
- It strengthens investor empowerment and protects long-standing investments.
Question:
Q.1 Which statutory authority launched the ‘Saksham Niveshak’ campaign?a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) Investor Education and Protection Fund Authority (IEPFA)
d) Ministry of Finance (MoF)
Answer: c) The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MCA), launched the campaign to help investors recover unclaimed investments and update their records.