75 new schools start FMM course

LUCKNOW: The financial market management (FMM) course for students of Class IX and X, launched jointly by the Central Board of Secondary Education (CBSE) and the National Stock Exchange of India Ltd (NSE) has gained momentum in the current academic session. The country’s leading exchange NSE had signed an MOU with CBSE earlier for promoting financial market related education among youngsters, through schools linked to CBSE. Launched last year, the sixth optional vocational subject, FMM is being received. It aims to sensitise students at a young age about money management and financial planning. “This will enable them to take smart investment decisions when they grow up and understand the value of money,” said Ravi Varanasi, CEO, education and group head, equity and equity derivatives, NSE. Many prominent school societies and groups have decided to start the course this year. The Kendriya Vidyalaya Sangathan, which has a huge network of schools, is starting FMM this year with 25 schools in the Delhi, Agra, Jaipur and Dehradun. Five schools from Punjab from the prestigious Bharti Foundation, schools under the jurisdiction of the Banaras Hindu University in Varanasi and Delhi Public Schools across the country are also starting the course. The 75 new schools are from across India, including the capital and NCR, UP, MP, Uttarakhand, Rajasthan, Punjab, Maharashtra, Kolkata, Odisha, Kerala and Andaman & Nicobar Islands. The training of teachers who will teach the subject started from this month. It is expected that around 150 teachers will get trained in the initial round. FMM covers 200 hours of teaching, including theory and practicals.