The Nagaland Board of School Education (NBSE) has joined hands with the National Stock Exchange Academy for the purpose of imparting financial literacy to Class 9 students. It has been made compulsory for all higher secondary schools under the Board to teach NSE Academy’s Financial Literacy course to Class 9 students. The National Stock Exchange Academy is a wholly owned subsidiary of the country’s leading stock exchange NSE.
Teachers to be trained under the initiative
For this year only, over 15,000 students are expected to enrol for NSE’s financial course. The NSE Academy faculty is in the process of training teachers with the subject course, who will then teach the curriculum to the Class 9 students in all of the NBSE registered schools. Teachers from 167 schools affiliated to the Nagaland Board have been already trained at the Board’s office in Kohima. Asano Sekhose, Chairman, NBSE said that the Board has taken this decision as it felt that financial empowerment at a young age is very important if they are to improve the quality of life.
Objectives and Insights from new course
The course objectives: help students acquire necessary life skills, to make them competent for future through basics of financial management and discipline. Spread across 25 periods of 45 minutes duration, diverse topics that the students would be taught range from financial planning to setting of financial goals, banking transactions, introduction to concepts such as savings and investments and also making a family budget. The concepts empowering students on the need for financial planning are expected to raise the level of financial well being for future.
NBSE and NSE Academy will jointly issue certificates to students and teachers under various categories. Certificates of merit, successful completion and every participatory recognition will be issued. Course material will be available at the Board’s office, and the academy is responsible for conducting an offline examination at the completion of every academic year.