National Stock Exchange educates youth to be financially prepared
NSE has joined hands with Directorate of School Education, Tamil Nadu to educate students in 2400 schools on money management
The National Stock Exchange (NSE) is actively engaged in preparing the youth from various schools and colleges to help them take informed financial decisions. These initiatives are aimed at teaching them the basics of finance and money management, so that they are better prepared for the future.
Students from more than 2400 schools in Tamil Nadu are learning the basics of Money Management, importance of savings and how to spend wisely. This has been possible because of a unique partnership between NSE and the directorate of school education in Tamil Nadu.
Students from classes 8, 9, 11 and 12 are studying this course, in both English and Tamil medium schools.
Over 7,40,000 students are learning about money management, through this training , which forms part of their school curriculum this year. The course covers around 25 periods of theory classes and for students of Class XI & XII an additional 6 periods of practical session in each academic year. Schools have been added in a staggered manner, since 2010. More than 2200 teachers have been trained by NSE to help them teach the course to the students.
NSE’s chief business development Mr. Ravi Varanasi said’’ we are very happy that more and more schools in Tamil Nadu are coming forward, to facilitate the teaching of these courses. The training will give students an edge, when they enter the professional world and will inculcate good practices in children on the importance of savings and investments. ‘’
NSE has a help desk, which is in touch with school principals, teachers and students to address their queries. NSE appointed trainers have visited a number of schools and interacted with the principals, teachers and the students.
Students of class 8 are taught about money and money management, that includes topics like the evolution of money, what is financial planning, what is a bank, why save and so on.
Moving on to class 9, students are being taught about the basics of money management such as how to make a budget, working of primary and secondary markets, inflation, insurance and basics of economics.
Students of class 11 are introduced to financial markets where they are educated on the various financial instruments like money market instruments, mutual funds, life insurance policies, derivatives, credit rating agencies, equity markets and functioning of stock exchanges and financial statement analysis.
Further, students of class 12 are educated on more advanced issues related to the markets, like futures market, market index, forwards and futures market, regulators and regulatory framework, trading and clearing and settlements.
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