Soon, fi­nan­cial lit­er­acy lessons for CBSE kids

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Puja Ped­nekar puja.ped­nekar@hin­dus­tan­times.com

MUM­BAI: Open­ing a bank ac­count, get­ting a debit card and learn­ing to live within a bud­get will be part of the cur­ricu­lum from this aca­demic year for CBSE stu­dents in Class 9 and Class 10.

In a move to­wards equip­ping chil­dren with life- skills, the Cen­tral Board of Sec­ondary Ed­u­ca­tion (CBSE) will give lessons in fi­nan­cial lit­er­acy un­der its School Bank Champs pro­ject, in col­lab­o­ra­tion with the In­dian Banks As­so­ci­a­tion (IBA).

The board has asked its schools to find a bank next to the cam­pus and open in­di­vid­ual ac­counts for stu­dents. It has even told schools to ap­point teach­ers ex­clu­sively for the pro­ject.

“The pro­ject aims to pro­vide fi­nan­cial ed­u­ca­tion and ac­cess to fi­nan­cial prod­ucts to school­child­ren in In­dia,” said a cir­cu­lar is­sued by MVV Prasad Rao, di­rec­tor, vo­ca­tional ed­u­ca­tion.

With the help of teach­ers, stu­dents will learn how to open a bank ac­count, get a debit card, use the bank’s net bank­ing fa­cil­ity and learn about pen­sion and in­sur­ance plans.

The pro­ject will also teach stu­dents fi­nan­cial man­age­ment — learn­ing to save well, set­ting life goals and entrepreneurship.

“Schools will have to iden­tify a nearby bank to take up the pro­ject and send de­tails of the bank to the board, along with the de­tails of a teacher in­ter­ested in act­ing as a nodal of­fi­cer for the school. Banks will also iden­tify a nodal of­fi­cer from their side,” the cir­cu­lar said.

CON­TIN­UED ON P6

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