Lok Sabha Question No. 1026 (UNSTARRED), answered on 2024-12-02
Subject: Stock Market Investment Education
Ministry: FINANCE
Asked by: Shri Prabhakar Reddy Vemireddy, Shri Putta Mahesh Kumar

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 1026 ANSWERED ON DECEMBER 02, 2024/AGRAHAYANA 11, 1946 (SAKA)

## STOCK MARKET INVESTMENT EDUCATION

## 1026. Shri Prabhakar Reddy Vemireddy: Shri Putta Mahesh Kumar:

Will the Minister of FINANCE be pleased to state:

- a) the details regarding the total number of registered stock market investors (individuals/corporate bodies/partnerships and others) during the last five  years across the country, State-wise, including Andhra Pradesh and in Nellore and Eluru districts;
- b) the details regarding the various initiatives undertaken by the Government to inform/educate stock market investors,  especially beginners during the last five  years across the country, especially in Andhra Pradesh;
- c) the details regarding the total number of beneficiaries, funds allocated and utilised by the Government for carrying out initiatives to inform and educate stock market investors across the country, State-wise, including Andhra Pradesh in Nellore and Eluru districts; and
- d) whether the Government has set up any grievance redressal mechanism to help such investors, if so, the details thereof including total number of complaints received and resolved during the last five years, State-wise, including Andhra Pradesh?

## ANSWER MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)

(a):          Stock  market  investors  are  required  to  trade  through  demat  accounts  opened  with  the depositories.  As  of  October  2024,  there  are  a  total  of  11.82  crore  unique  demat  account  holders registered with the depositories. State-wise, including Andhra Pradesh, details of previous five years along with data for Nellore and Eluru district is placed at Annexure A.

(b) and (c): The Government has taken various steps to increase investor awareness and education, through  Securities  and  Exchange  Board  of  India  (SEBI)  and  various  other  market  intermediary institutions.  Further,  Association  of  Mutual  Funds  in  India  (AMFI)  along  with  respective  Asset Management Companies (AMCs) also conduct investor education and awareness programs. These programs  for  all  investors,  including  beginners,  cover  various  topics  such  as  basic  investing principles, product features, risks involved, investor rights and responsibilities, common features of investment scams etc. They are conducted free of cost in various regional languages besides Hindi and English.

The details of number of investor awareness and education programs conducted and total number of participants in last five financial years (FY) and the State wise details for FY 2022-23 and FY 202324 are attached at Annexure B.

SEBI manages the Investor Protection and Education Fund (IPEF), which is the primary source of funding for investor education initiatives undertaken by SEBI. The details of expenses incurred from SEBI-IPEF during last five years is provided in Annexure C.

(d): SEBI has set up a SEBI Complaint Redressal System (SCORES) in 2011, which is an online platform designed to enable investors to lodge complaints against SEBI regulated entities. The details of the complaints received and resolved  along with those from Southern Region (which includes Andhra Pradesh) is provided in Annexure D .

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ANNEXURE -A State-wise details of unique demat account holders with depositories

| Sr.   | State/ UT                     | 2020      | 2021        | 2022        | 2023        | 2024        |
|-------|-------------------------------|-----------|-------------|-------------|-------------|-------------|
| No.   |                               |           |             |             |             | (up to Oct) |
| 1     | Andaman & Nicobar             | 4,225     | 9,232       | 13,757      | 19,009      | 26,136      |
| 2     | Andhra Pradesh                | 16,06,211 | 23,82,241   | 29,54,213   | 34,45,725   | 41,15,419   |
| 3     | Arunachal Pradesh             | 7,765     | 16,278      | 25,526      | 36,989      | 54,941      |
| 4     | Assam                         | 3,19,138  | 12,44,581   | 17,34,969   | 21,72,512   | 26,81,627   |
| 5     | Bihar                         | 9,63,054  | 18,87,782   | 27,84,847   | 37,96,966   | 50,41,326   |
| 6     | Chandigarh                    | 1,20,650  | 1,62,489    | 1,98,160    | 2,37,823    | 2,85,998    |
| 7     | Chhattisgarh                  | 3,24,933  | 5,49,259    | 7,82,483    | 10,58,954   | 13,90,502   |
| 8     | Dadra Nagar Haveli; Daman-Diu | 22,015    | 35,885      | 47,712      | 63,701      | 78,971      |
| 9     | Delhi                         | 22,08,377 | 29,99,812   | 37,35,923   | 44,97,915   | 53,94,743   |
| 10    | Goa                           | 1,04,068  | 1,46,226    | 1,80,795    | 2,15,837    | 2,65,546    |
| 11    | Gujarat                       | 46,61,213 | 61,82,832   | 73,22,188   | 86,84,772   | 1,05,90,681 |
| 12    | Haryana                       | 12,63,016 | 19,99,307   | 26,39,296   | 33,33,875   | 41,48,889   |
| 13    | Himachal Pradesh              | 1,69,687  | 3,13,948    | 4,42,174    | 5,86,152    | 7,67,869    |
| 14    | Jammu And Kashmir             | 1,24,470  | 2,22,916    | 3,17,193    | 4,38,810    | 6,09,509    |
| 15    | Jharkhand                     | 5,83,952  | 9,50,067    | 12,78,666   | 16,49,293   | 20,99,792   |
| 16    | Karnataka                     | 25,03,499 | 36,42,884   | 45,47,964   | 54,32,797   | 66,03,290   |
| 17    | Kerala                        | 13,34,537 | 17,64,379   | 21,22,175   | 24,80,993   | 30,09,842   |
| 18    | Ladakh                        | 802       | 2,387       | 4,092       | 6,449       | 9,837       |
| 19    | Lakshadweep                   | 252       | 589         | 948         | 1,414       | 2,129       |
| 20    | Madhya Pradesh                | 13,04,444 | 25,37,020   | 35,89,501   | 46,61,185   | 58,44,469   |
| 21    | Maharashtra                   | 80,07,956 | 1,16,64,436 | 1,45,53,923 | 1,72,37,636 | 2,03,16,543 |
| 22    | Manipur                       | 30,883    | 60,359      | 78,314      | 93,022      | 1,24,166    |
| 23    | Meghalaya                     | 15,310    | 28,722      | 40,709      | 54,355      | 73,663      |
| 24    | Mizoram                       | 3,566     | 6,761       | 9,937       | 15,574      | 24,055      |
| 25    | Nagaland                      | 10,114    | 18,222      | 27,131      | 37,333      | 54,679      |
| 26    | Odisha                        | 5,85,490  | 11,70,775   | 16,46,029   | 20,70,269   | 25,51,994   |
| 27    | Puducherry                    | 38,150    | 55,702      | 71,203      | 88,869      | 1,10,150    |

| 28   | Punjab               | 8,92,595    | 13,57,238   | 18,43,397   | 24,41,151   | 31,05,842    |
|------|----------------------|-------------|-------------|-------------|-------------|--------------|
| 29   | Rajasthan            | 18,44,108   | 32,40,092   | 43,25,454   | 54,90,528   | 69,59,307    |
| 30   | Sikkim               | 9,090       | 15,323      | 21,527      | 28,564      | 39,862       |
| 31   | Tamil Nadu           | 26,93,148   | 35,47,986   | 43,73,995   | 53,04,910   | 63,88,793    |
| 32   | Telangana            | 15,40,068   | 23,17,330   | 28,76,421   | 33,44,456   | 39,52,008    |
| 33   | Tripura              | 35,124      | 64,071      | 91,189      | 1,26,647    | 1,75,242     |
| 34   | Uttar Pradesh        | 29,85,958   | 51,26,133   | 74,64,485   | 1,01,62,282 | 1,33,88,996  |
| 35   | Uttarakhand          | 2,95,141    | 5,15,237    | 7,14,675    | 9,43,598    | 12,30,536    |
| 36   | West Bengal          | 22,74,313   | 31,23,601   | 40,79,464   | 52,11,658   | 67,29,828    |
| 37   | Army Postal Services | 31          | 45          | 79          | 81          | 93           |
|      | Total                | 3,88,87,353 | 5,93,62,147 | 7,69,40,514 | 9,54,72,104 | 11,82,47,273 |

| Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   | Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   | Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   | Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   | Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   | Unique investors in Nellore (as per Pin codes) ( Unique Demat account considering PAN of only first holder)   |
|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               | 2020                                                                                                          | 2021                                                                                                          | 2022                                                                                                          | 2023                                                                                                          | 2024 (up to Oct)                                                                                              |
| Nellore                                                                                                       | 92,972                                                                                                        | 1,39,095                                                                                                      | 1,71,087                                                                                                      | 2,00,181                                                                                                      | 2,38,895                                                                                                      |
| Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     | Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     | Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     | Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     | Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     | Unique investors in Eluru (as per Pin codes) ( Unique Demat account considering PAN of only first holder)     |
|                                                                                                               | (April to Dec) 2022                                                                                           | (April to Dec) 2022                                                                                           | 2023                                                                                                          | 2023                                                                                                          | 2024 (up to Oct)                                                                                              |
| Eluru                                                                                                         | 63,032                                                                                                        | 63,032                                                                                                        | 74,016                                                                                                        | 74,016                                                                                                        | 88,784                                                                                                        |

## Number  of  investor  awareness  and  education  programs  conducted  and  total  number  of participants

| Particular     | No. of Awareness programs   | No. of Participants   |
|----------------|-----------------------------|-----------------------|
| FY 2023-24 (*) | 43,826                      | 27,93,653             |
| FY 2022-23     | 17,615                      | 6,47,618              |
| FY 2021-22     | 11,908                      | 5,74,723              |
| FY 2020-21     | 2,371                       | 2,16,047              |
| FY 2019-20     | 23,670                      | 7,57,506              |

State/UTs wise details of investor awareness and education activities

| Sr.   | State/UTs        | Investor Awareness and education Programs   | Investor Awareness and education Programs   | Investor Awareness and education Programs   | Investor Awareness and education Programs   |
|-------|------------------|---------------------------------------------|---------------------------------------------|---------------------------------------------|---------------------------------------------|
| No.   |                  | FY 2023-24**                                | FY 2023-24**                                | FY 2022-23                                  | FY 2022-23                                  |
|       |                  | No. of Programmes                           | No. of Participants                         | No. of Programmes                           | No. of Participants                         |
| 1     | Maharashtra      | 9,138                                       | 5,54,865                                    | 1,445                                       | 58,680                                      |
| 2     | Uttar Pradesh    | 4,548                                       | 2,48,054                                    | 3,917                                       | 1,22,413                                    |
| 3     | Gujarat          | 4,023                                       | 3,14,620                                    | 1,439                                       | 54,768                                      |
| 4     | Madhya Pradesh   | 3,239                                       | 1,76,188                                    | 1,030                                       | 39,452                                      |
| 5     | Rajasthan        | 2,787                                       | 1,62,390                                    | 385                                         | 15,913                                      |
| 6     | Tamil Nadu       | 2,399                                       | 1,58,449                                    | 913                                         | 33,186                                      |
| 7     | Karnataka        | 2,239                                       | 1,57,550                                    | 257                                         | 10,044                                      |
| 8     | West Bengal      | 1,979                                       | 1,14,951                                    | 706                                         | 38,282                                      |
| 9     | Delhi            | 1,346                                       | 78,058                                      | 298                                         | 13,143                                      |
| 10    | Haryana          | 1,166                                       | 67,897                                      | 846                                         | 24,376                                      |
| 11    | Punjab           | 1,156                                       | 66,437                                      | 269                                         | 10,803                                      |
| 12    | Odisha           | 1,104                                       | 64,555                                      | 1,221                                       | 36,957                                      |
| 13    | Andhra Pradesh   | 1,077                                       | 55,823                                      | 482                                         | 20,097                                      |
| 14    | Kerala           | 928                                         | 54,508                                      | 601                                         | 24,876                                      |
| 15    | Bihar            | 812                                         | 44,197                                      | 1,096                                       | 37,392                                      |
| 16    | Telangana        | 805                                         | 48,335                                      | 248                                         | 10,987                                      |
| 17    | Himachal Pradesh | 791                                         | 40,813                                      | 170                                         | 6,193                                       |
| 18    | Jharkhand        | 727                                         | 44,026                                      | 618                                         | 22,927                                      |
| 19    | Chattisgarh      | 660                                         | 40,144                                      | 47                                          | 2,526                                       |
| 20    | Jammu Kashmir    | 575                                         | 29,434                                      | 685                                         | 25,176                                      |
| 21    | Uttarakhand      | 558                                         | 32,337                                      | 452                                         | 16,732                                      |

| 22   | Assam                                    | 521    | 29,606    | 252    | 9,440    |
|------|------------------------------------------|--------|-----------|--------|----------|
| 23   | Goa                                      | 185    | 12,414    | 30     | 2,614    |
| 24   | Chandigarh                               | 125    | 7,358     | 23     | 1,458    |
| 25   | Tripura                                  | 73     | 3,716     | 3      | 217      |
| 26   | Meghalaya                                | 47     | 3,005     | 2      | 176      |
| 27   | Sikkim                                   | 46     | 2,554     | 9      | 866      |
| 28   | Arunachal Pradesh                        | 35     | 2,401     | 45     | 1,268    |
| 29   | Nagaland                                 | 34     | 1,939     | 46     | 1,835    |
| 30   | Dadra and Nagar Haveli and Daman and Diu | 29     | 1,829     | 1      | 180      |
| 31   | Puducherry                               | 27     | 2,396     | 7      | 495      |
| 32   | Manipur                                  | 21     | 976       | 4      | 612      |
| 33   | Mizoram                                  | 21     | 1,544     | 6      | 768      |
| 34   | Andaman and Nicobar Islands              | 18     | 1,605     | 2      | 90       |
| 35   | Ladakh                                   | 15     | 552       | -      | -        |
| 36   | Lakshadweep                              | 4      | 157       | -      | -        |
| 37   | PAN INDIA*                               | 568    | 1,67,970  | 60     | 2,676    |
|      | Total                                    | 43,826 | 27,93,653 | 17,615 | 6,47,618 |

## Expenses incurred from Securities and Exchange Board of India  - Investor Protection and education Fund (SEBI-IPEF)

| Financial Year   |   IPEF Expenses ( in ₹ Crores) |
|------------------|--------------------------------|
| FY 2019-20       |                          11.84 |
| FY 2020-21       |                          28.84 |
| FY 2021-22       |                           6.81 |
| FY 2022-23       |                          11.93 |
| FY 2023-24       |                           2.78 |

Details of total number of complaints received and resolved over last five years for All-India and Southern Region (which includes Andhra Pradesh).

| Financial Year   | Grievance Received (All-India)   | Grievance Received (Southern Region)   | Grievance Redressed (All India)   | Grievance Redressed (Southern Region)   |
|------------------|----------------------------------|----------------------------------------|-----------------------------------|-----------------------------------------|
| 2019-2020        | 55,526                           | NA                                     | 39,624                            | NA                                      |
| 2020-2021        | 58,873                           | 7,815                                  | 50,425                            | 4,713                                   |
| 2021-2022        | 42,694                           | 5,403                                  | 48,883                            | 6,343                                   |
| 2022-2023        | 34,752                           | 4,069                                  | 39,062                            | 5,304                                   |
| 2023-2024        | 44,599                           | 5, 568                                 | 43,191                            | 5,390                                   |

Source: SEBI Annual Report

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