Mumbai: India’s leading bourse, the National Stock Exchange (NSE) has signed an MOU with the Goa Board of Secondary & Higher Secondary Education (GBSHSE). NSE will introduce financial literacy courses in high schools starting from Class IX onwards in Goa.
Mr. J.R Rebello, chairman, GBSHSE and Mr. Ravi Varanasi, Chief Business Development officer, NSE signed the MOU in Panjim, Goa today. Shri. Virender Kumar, IAS Secretary (Education), Government of Goa was the Chief Guest at the Launch of Financial Literacy Program. Mr. Bhaskar Nayak – Director of Higher Education and Mr. Gajanand Bhat, Director of Education, Govt of Goa were also present during the launch of the program.
For the current academic year students of class XI will start learning, while the students of class IX will commence from the next academic year (2016-17). To facilitate a smooth roll out, NSE has started two days long teachers training programs in Goa. Close to 2000 in class XI are expected to benefit from this, in the current year. From the next academic year around 40000 students are expected to participate.
Earlier, NSE has signed similar MOUs with the Tamil Nadu government, followed by state boards in Gujarat, Himachal Pradesh etc. NSE has also tied up with the CBSE for imparting similar modules to students.
“We believe that creation of financial awareness is the key towards wealth creation. The current initiative will help to create basic awareness among school children about importance of managing financial aspects in life,” said Mr. Ravi Varanasi, Chief Business Development officer, NSE. During the ceremony, books on basics of money, concepts of money management, financial markets were unveiled. “Youngsters must be exposed to money management and financial literacy right from a very young age. This will enable the youngsters to enhance standard of living, thereby contributing to the quality of life in the country”, said Mr. J. R Rebello – Chairman of GBSHSE.
On completion of the course, NSE will conduct an online computer-based or offline paper-based, objective type examination. A certificate is issued by the state board of school education and NSE to students who pass the examination.
Financial literacy means knowledge of efficient money management, among others. It is important to facilitate students’ understanding of money management in an effective manner. NSE believes that hands-on courses such as the one on Financial Markets will immensely benefit the students. It is expected that the knowledge gained through such courses will help the students to make informed decisions relating to money matters throughout their lives.