NSE Academy, a wholly owned subsidiary of 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.
Financial Literacy Course
The Financial literacy course called Concepts of Financial Literacy has been designed by NSE Academy and will help in familiarising students about the basics of Finance and Financial Planning.
Training for Teachers
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.
What NBSE management has to say:
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 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."
NSE Financial Literacy Curriculum
The curriculum comprises of 25 periods of 45 minutes each. The topics that students will be taught include Financial Planning, the 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
Schools selected for the program
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.
About NSE Academy:
NSE Academy is a wholly-owned Subsidiary NSE. NSE Academy always try to ensure that knowledge about Financial Market is spread equally amongst all. NSE Academy's initiatives, including partnerships with state and national school boards and schools, interactive courses on personal finance and certification programs, teach school children, homemakers and other non-finance professionals the value of investing, have always provided an introduction to the Indian capital markets and helped to develop new market professionals. NSE frequently conducts financial education workshops through NSE Academy to develop a new generation of investors. Investor knowledge is very much essential to attract the new breed of investors.
About National Stock Exchange of India Limited (NSE):
NSE is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to the World Federation of Exchanges. It began operations in 1994 and has been ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI annual reports.
NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.
NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally and its integrated business model enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non trading businesses to provide high-quality data and services to market participants and clients.