Soon, financial literacy lessons for CBSE kids
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.
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