Central Board of Secondary Education (CBSE) has collaborated with the National Payments Corporation of India (NPCI) to launch Financial Literacy Curriculum to students of class 6th in CBSE affiliated schools. Under this collaboration, CBSE and NPCI will introduce financial literacy textbooks for students in order to offer students an understanding of basic financial concepts at their preliminary stage of education.
As per the press release of NPCI, Financial Literacy Textbook will be launched as a part of CBSE's new elective elective ‘financial literacy’ subject for class 6th students. The textbook will include major topics in the financial awareness domain. Topics included in the Financial Literacy Textbook are as follows: teamwork and basic financial concepts, Banking, Security, Digital Payments such as UPI, Cards, Wallets, and more.
On this occasion, Former Union Education Minister Ramesh Pokhriyal also tweeted, that reads, “I feel delighted to share that now our young students will gain knowledge on basic financial concepts, insights about digital payments and much more through the newly launched book- Financial Literacy Workbook for Class 6 Students curated by CBSE & NPCI.”
I feel delighted to share that now our young students will gain knowledge on basic financial concepts, insights about digital payments and much more through the newly launched book- Financial Literacy Workbook for Class 6 Students curated by CBSE & NPCI.@NPCI_NPCI pic.twitter.com/msVtXq8uqi
— Dr. Ramesh Pokhriyal Nishank (@DrRPNishank) June 29, 2021
CBSE Financial Literacy Curriculum 2021: An Overview
The overall curriculum will focus on the origin of banking, the transition from coins to paper money, and various major services carried out by the bank which are used in everyday life. The textbook for class 6th students will also teach students the role of RBI and GOI in the Digital Payments movement, and basic information regarding the major operations carried out by the same.
Along with CBSE, NPCI will be working on the shared goal of developing the course content of the textbook in accordance with class 7th, and 8th standards. The content will also include activities, attractive illustrations, and practice exercises. A copy of the same will also be released through online mode for students so that they can access it through the CBSE's website for further educational purposes.
Referring to the initiative of CBSE and NPCI, Shri Manoj Ahuja, IAS, Chairman, CBSE said; “As the new education policy emphasizes the need of nurturing a digital mindset among the students this book is the first step towards addressing the same. It focuses on the overall digital payment system which is new; this small module on financial literacy is going to educate our students on finance from an early age. This book is interdisciplinary in nature and also stresses the growth of money", he further added.
Adding to the same, Ms Praveena Rai, COO, NPCI stated that collaboration with CBSE will offer financial literacy to students in the preliminary stage. The need for financial education is a requirement of a smart economy and we are pleased to be offering an insight of the same to students, he added.
"We are confident that the financial literacy textbook will help tender minds absorb basic & advanced financial concepts with ease and will establish mindful financial conduct and sound decisions for the generations to come", he further added.
For more detailed information, visit: npci.org.in
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