CBSE introduces FMM course for Class IX, X

TNN | Jul 5, 2015, 04.08 AM IST

CHANDIGARH: Considering that there is an acute shortage of trained professionals in banking, financial services, and insurance (BFSI) industry, the Central Board of Secondary Education (CBSE) has introduced financial market management (FMM) as a vocational course under the National Skills Qualification Framework (NSQF) at Level I and Level II for Class IX and X for the session 2015-16. The course was already there for Class XI and XII.

"Financial skills are as important as computer skills. They improve the standard of living by promoting budgeting, disciplined savings, intelligent use of credit for buying home, children's education and marriage, retirement planning, etc," said MVV Prasada Rao, director vocational, CBSE. The CBSE has advised schools that have successfully implemented FMM in Class XI and XII to introduce it in Class IX and X also from the academic session 2015-16. The schools that are yet to implement FMM can also apply.

NSE pledges to transform students in 15000 CBSE schools across India

ET Bureau Jun 18, 2015, 07.49PM IST

• 

(With the first batch of teachers’…)

MUMBAI: National Stock Exchange of India (NSE) has joined hands with Central Board of Secondary Education (CBSE) to give young students of class IX and X, their first formal lessons in the world of finance, the stock exchange said in a press release on Thursday.
With the first batch of teachers' training happening on June 20, the program is expected to cover around 15,000 schools under CBSE from July.

The course - Financial Market Management (FMM) - is aimed at empowering a person to take informed judgments and decisions regarding the use and management of money, the release said.
"NSE is partnering with CBSE to transform the future of our students. The course will help to spread financial literacy which will create stronger roots and will ultimately transform India as strong economic super power," Chitra Ramkrishna, MD & CEO, NSE, said in the release. The first batch of teachers will undergo the training at NSE headquarter in Mumbai.
CBSE is introducing Financial Market Management as a vocational course under National Skills Qualification Framework (NSQF) at Level I and Level II for class IX and X for session 2015-16.
" Ministry of Human Resource Development, government of India is laying great emphasis on skill and competency development...in future all employment will be related to acquiring qualifications as per NSQF. This is going to be a major game changer," said M.V. V. Prasada Rao, Director, CBSE in a communication to CBSE schools.
Innovations in teaching-learning methodologies by devising students friendly and students centered paradigms is one of the focus of the country's leading education board - CBSE. Today, CBSE affiliated schools are present in about 25 countries.
Once completed, NSE and CBSE will issue a joint certificate. Apart from class room lectures, students will get a feeling of web based modules as part of their practical sessions, spread over 60 hours. NSE has tie-ups with several universities and institutes for different market related courses.

Soon, financial literacy lessons for CBSE kids

• Puja Pednekar, Hindustan Times, Mumbai
| 
• Updated: Oct 11, 2015 01:00 IST

Opening a bank account, getting a debit card and learning to live within a budget will be part of the curriculum from this academic year for CBSE students in Class 9 and Class 10.
In a move towards equipping children with life-skills, the Central Board of Secondary Education (CBSE) will give lessons in financial literacy under its School Bank Champs project, in collaboration with the Indian Banks Association (IBA).
The board has asked its schools to find a bank next to the campus and open individual accounts for students. It has even told schools to appoint teachers exclusively for the project.
“The project aims to provide financial education and access to financial products to schoolchildren in India,” said a circular issued by MVV Prasad Rao, director, vocational education.
With the help of teachers, students will learn how to open a bank account, get a debit card, use the bank’s net banking facility and learn about pension and insurance plans.
The project will also teach students financial management — learning to save well, setting life goals and entrepreneurship.
“Schools will have to identify a nearby bank to take up the project and send details of the bank to the board, along with the details of a teacher interested in acting as a nodal officer for the school. Banks will also identify a nodal officer from their side,” the circular said.
Rao, however, made it clear that schools should ensure the project does not interfere with academic activities.
City schools have lapped up the idea, saying the initiative will help students become financially responsible from a young age.
“This project is important, as it will impact everybody, whichever field they take up,” said Avnita Bir, principal of RN Podar School, Santacruz. “The first step is to understand how banks work, the various schemes available and reading the fine print in financial documents.”
Deepshikha Srivastava, the principal of Rajhans Vidyalaya in Andheri said they will appoint teacher co-ordinators for the programme.  “It is imp

CBSE: Open bank account for student

CBSE: Open bank account for students

DECCAN CHRONICLE

Published Oct 25, 2015, 11:40 am IST

Updated Jan 10, 2016, 8:38 am IST

And issue debit cards to these students

 Representational image

Chennai: To enhance financial capabilities of class 9 and 10 students in CBSE schools, the Board has asked schools to open individual bank accounts and issue debit cards to these students.

 

In a circular to principals of CBSE schools, M.V.V.Prasada Rao, director (vocational & Edusat), CBSE, said the board has taken a step forward to enhance financial capabilities of class 9 and 10 students and make them financially literate to maintain finances effectively in their day-to-day lives.

 

CBSE has taken forward the school bank champs project voluntarily started jointly by the Indian Banks’ Association with Child and Youth Finance International.

 

Rao also said under the project, all schools are required to choose a nearby bank for day-to-day interaction in enhancing financial knowledge of students apart from opening of individual bank accounts and issue of debit cards for these students. 

CBSE: Open bank account for students

VP TO INAUGURATE PHDCCI & CBSE SPONSORED INTERNATIONAL CONFERENCE ON SKILLING IN SCHOOLS ON 11TH APRIL

April 9, 2014

No.PR-3
April 9, 2014
New Delhi 

VP TO INAUGURATE PHDCCI & CBSE SPONSORED INTERNATIONAL CONFERENCE ON SKILLING IN SCHOOLS ON 11^TH APRIL 

Vice President of India Mr. M Hamid Ansari will inaugurate the day long International Conference on Skilling in Schools being held on 11^th of this month under the joint aegis of PHD Chamber of Commerce and Industry and Central Board of Secondary Education (CBSE) in which host of experts from diversified background on skillings will also take part. 

In a statement issued here today, the President of PHD Chamber of Commerce and Industry, Mr. Sharad Jaipuria said that Chairman CBSE Mr. Vineet Joshi and Ambassador of the Federal Democratic Republic of Ethiopia, Ms. Gennet Zewide and Director (EDUSAT & Vocational Education), CBSE Mr. M V V Prasada Rao would also share their experience during the international conference. 

Mr. Pawan Aggarwal, Adviser, (Higher Education), Planning Commission, Mr. A K Jha, Director General, National Institute of Entrepreneurship and Small Business Development, Ministry of MSME, Government of India, Mrs. Usha Ananthasubramanian, Chairperson, Managing Director, Bharatiya Mahila Bank and Mr. Basab Banerjee, Head-Standards & QA, National Skill Development Corporation will be among other experts that will unveil their respective thought processes on development of skillings in Indian schools in the day-long conference. 

The objectives of the conference, according to Mr. M V V Prasada Rao would consist of addressing solutions for students, who have taken up vocational education at the school level and not reached University for higher education and stress on training of proper staff for imparting vocational education in schools.  

The conference will also deliberate on the issue of schools’ perspective on vocational education and their inputs as also understand the International system of vocational education in schools, besides the feasibility of applying the same in labour market with corporate orientation. 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)

http://www.phdcci.in/media_center_details.php?id=483