NSE Academy, a wholly owned subsidiary of India’s leading stock exchange National Stock Exchange of India Limited (NSE) and the Nagaland Board of School Education (NBSE) have joined hands to impart financial literacy to Class IX students throughout Nagaland. From the 2017 session, NBSE has made NSE academy’s Financial literacy course compulsory for the students of Class IX, for all higher secondary schools under the Board.
The Financial literacy course called Concepts of Financial Literacy has been designed by NSE Academy and will help in familiarizing students about the basics of Finance and Financial Planning.As part of the initiative NSE Academy conducts training of the teachers, who then teach the course to the students of Class IX in NBSE registered schools. For the 2017 academic session, teachers from 167 schools affiliated to the Nagaland Board have been trained at the Board’s office in Kohima by NSE Academy faculty.
A two days training was conducted in two batches, between the 14th to 17th March 2017.It is expected that more than 15,000 students will enrol for this course in 2017.
Mrs. Asano Sekhose, Chairman, NBSE said that the Board has taken the decision to make Financial Literacy compulsory for Class IX in all higher secondary schools as it felt that financial empowerment at a young age is very important if they are to improve the quality of life. The objective of the course is to help the students acquire necessary life skill and prepare them to learn about the basics of financial management and discipline.
Chief Business Development NSE and CEO, NSE Academy Mr. Ravi Varanasi said “NSE Academy is committed to increasing financial literacy among secondary school students across the country. The Nagaland Board has played a very positive role by making the Financial Literacy course compulsory for students of Class IX. We hope this course will sensitize students about money management and financial planning, to build a sound financial future. In addition they can also pursue career options in the financial sector, after studying these courses run by NSE Academy.”
The curriculum comprises of 25 periods of 45 minutes each. The topics that students will be taught include Financial Planning, setting of financial goals, concepts of savings and investments, banking transactions and making a family budget, this will help in empowering children on the need for financial planning, to ensure their financial well being in the future.
The textbook for the course will be available at the Board’s office. NSE Academy will conduct an offline examination at the end of the academic year. NSE Academy and NBSE will issue joint certificates to students and teachers under various categories. Certificates will be issued to successful candidates and participation certificates will be issued, even if they don’t qualify in the exam. A certificate of Merit to the topper of every school will be given by the Board and NSE Academy. Certificates of appreciation will also be awarded to teachers who teach the State toppers.The Board had introduced the financial literacy course in selected schools in the three districts of Kohima, Mokokchung and Dimapur in 2016. During the pilot project around 5150 students had enrolled for the course in Class IX , across 60 schools under the Board. NSE Academy also runs a successful Financial Literacy course, in partnership with the State Boards of Tamil Nadu, Himachal Pradesh and Goa.