Mumbai, Multi Commodity Exchange of India Limited (MCX), India’s leading commodity exchange, and Banasthali Vidyapith, world’s largest fully residential university for women’s education, located in the Tonk district of Rajasthan, have signed a memorandum of understanding (MoU) for supporting financial literacy among women. The initiative is directed at fostering women empowerment through several efforts toward financial skill development in managing commodity price risk using modern financial derivatives. Banasthali Vidyapith has over the past 80 years developed into a national centre for women’s education and is eager to provide new skill sets to their students.
“This association with Banasthali complements our current objective to carry benefits of the commodity derivatives market to all through financial education. Women’s natural skills along with their intuition and analytical prowess can create a formidable workforce, which can support future needs of India Inc., especially in the area of commodity price risk management. Our joint educational initiatives will focus on supporting financial inclusion for women and will go a long way in facilitating young women in India getting into the financial ecosystem, thus enabling their empowerment,” said P. K. Singhal, the Joint Managing Director of MCX.
Harsh Purohit, Dean-FMS-WISDOM, Banasthali Vidyapith said, “Under the charismatic leadership of our Vice-Chancellor, Prof. Aditya Shastri, the university has shown unprecedented progress in the last 15 years. We are the first university in India to set up the Centre for Financial Planning Training & Research for Women in our campus. This MoU would further provide opportunities to the bright girls of the Vidyapith to excel in corporate roles and foster research and community service as well. We appreciate the role of MCX in the financial ecosystem and are excited to join hands.”