Niveshak Shivir Initiative
The Niveshak Shivir initiative was launched by the Investor Education and Protection Fund Authority (IEPFA) on June 1, 2025. This pilot program aims to enhance investor engagement by facilitating direct interactions between investors, companies, and Registrars and Transfer Agents (RTAs). The inaugural event took place in Pune and is part of a broader strategy to address unclaimed dividends and shares in India.
Objectives of Niveshak Shivir
Niveshak Shivir is designed to resolve issues related to unclaimed dividends and shares. The initiative aims to provide a one-stop solution for investors. Key objectives include facilitating the recovery of unclaimed dividends held for six to seven years. It also offers on-the-spot updates for Know Your Customer (KYC) and nomination processes. Additionally, it seeks to resolve pending claims with IEPFA.
Structure of the Initiative
The program features dedicated kiosks operated by stakeholder companies. These kiosks allow investors to interact directly with company representatives and RTAs. This structure aims to eliminate intermediaries and streamline the grievance resolution process. By encouraging direct communication, the initiative enhances transparency and efficiency in addressing investor concerns.
Significance of Unclaimed Investments
The IEPFA reports that over 1.1 billion shares remain unclaimed, valued at approximately ₹1 lakh crore. Additionally, the total value of unclaimed dividends is around ₹6,000 crore. These staggering figures highlight the importance of initiatives like Niveshak Shivir. By addressing these unclaimed investments, the program aims to protect investor rights and promote financial literacy.
Future Plans for Expansion
The Pune camp marks the first of several planned outreach programs across cities with high concentrations of unclaimed investments. The IEPFA intends to replicate the Shivir model in various locations to maximise its impact. Future events will focus on educating investors and facilitating claim processes on a larger scale.
Technological Integration
By August 2025, IEPFA plans to launch an integrated portal. This portal will streamline the claims process by providing real-time tracking and direct communication with companies. It will also feature instant data validation through interfaces with PAN, depositories, and banks. This technological advancement will further enhance the efficiency of investor services.
Commitment to Investor Protection
IEPFA is dedicated to promoting investor awareness and protection in India. Through educational initiatives and collaborations with financial sector stakeholders, the authority aims to create a secure and investor-friendly financial ecosystem. Niveshak Shivir embodies this commitment by directly addressing the needs of investors.
| Related | |
|---|---|
