Nirmala Sitharaman virtually launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs.
These initiatives leverage to strengthen the Prime Minister’s vision of ‘Digitally empowered India’.
Digital India is a campaign launched by the Government of India in order to ensure that the Government’s services are made available to citizens electronically by making the country digitally empowered in the field of technology. These two initiatives would create a new corporate and investor friendly ecosystem.
While launching the IEPFA Mobile App Finance Minister said, “the Mobile App aims at achieving the goal of financial literacy, spreading investors’ awareness, education, and protection among investors. Our prime goal here is to push Ease of Living.”
Sitharaman added that the Mobile App has been developed for citizen engagement and information dissemination to promote awareness among investors.
The IEPFA App will have the facility of tracking the status and progress of the IEPF claim refund process. Moreover, it also provides a mechanism for investors and common citizens to report on the suspected fraudulent schemes. Currently, the app is available on Android based devises and can be downloaded from PlayStore.