India's Leading stock Exchange National Stock Exchange of India Limited (NSE) and Education Department, Gujarat Government have signed a memorandum of understanding (MOU) at the ongoing Vibrant Gujarat Global Investors Summit for introduction of financial literacy course for students of schools and colleges.
It is expected that all Government & Government aided schools across the state will start the basic financial literacy program at the earliest. "NSE believes that the road to the fastest financial inclusion is possible through a continuous education process."
"Like in many other states of India, we are sure that this MOU will play a pivotal role towards understanding the complex financial markets and its products, in many young minds in Gujarat. We thank the Government of Gujarat for enabling this", said Ms Chitra Ramkrishna, MD & CEO, NSE.
Significantly, the program also envisages use of satellite based teaching methodology across the state. The signing was done in the presence of the Hon'ble Union Finance Minister Mr Arun Jaitley, and Mrs Anandi Ben Patel, Hon'ble Chief Minister, Gujarat, among others.
The course aims at imparting basic financial knowledge at a very early stage so that children grow up to become financially responsible citizens with a secured financial future, which enhances financial well being of people of India. Specific objectives are:
To provide a broad based access to education and knowledge about financial management.
To help prepare young adults to meet their future financial needs and deal with unexpected emergencies
To inculcate the habit of long term saving and investing.
To alert young adults of the various risks associated with the financial markets and precautionary.
During the signing ceremony, apart from the Hon'ble Finance Minister and the Gujarat Chief Minister, Mr Arvind Subramanian, Chief Economic Advisor, Government of India, Mr Hasmukh Adhia, Secretary Department of Financial Services, GOI, Mr Sourabh Patel, Minister of Finance, Government of ‘Gujarat were also present.