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.