CBSE Financial Literacy Curriculum for Students with NPCI

There are more than 50+ boards in India but CBSE is always a top priority among students and parents. The main reason behind it is the fact that CBSE focuses on the overall development of the student and not just on theoretical knowledge. It pushes students to build life skills and helps them in the future. CBSE introduced ASL to improve interpersonal skills and now is all set to introduce financial literacy.

Also Read: CBSE vs State Boards

CBSE is collaborating with the National Payments Corporation of India (NPCI) and is ready to introduce a financial literacy curriculum for students of Class VI. The aim behind this is to teach students the basic concepts of finance from the preliminary stage. This will be part of the new elective subject in all CBSE affiliated schools. 

With the spirit of Digital India and everyone using the modern techniques of payment methods, it is important to learn the basics of Digitalisation. Finance literacy will cover the modes of digital payments such as UPI, Cards, Wallets, etc. It will also cover the basic concepts of Finances to Banking and Security. Students will discover the transition of coins to demonetization. The subject will be unravelling the importance and significance of RBI and GOI in providing an impetus to the Digital Payments movement.

Also Read: CBSE Introduces Coding and Data Science as New Subjects

Students will also get an opportunity to learn modern and advanced concepts like IMPS, UPI, USSD, NACH, PoS, mPoS, QR Codes, and ATMs.

 “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. It refers to Skills Root and also about the barter system. The addition of this book to the curriculum also stresses interdisciplinary growth, which even the new education policy focuses on. In this book, all the aspects of learning and growth are nicely blended.”- Shri Manoj Ahuja, IAS, Chairman, CBSE

“We are excited to collaborate with CBSE to launch financial literacy curriculum for the students. As the nation develops into a smart economy, insight into these crucial topics in the early days of students’ formal education will help them expand their horizons. 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.”- Ms. Praveena Rai, COO, NPCI 

Do you think introducing Financial Literacy by CBSE will help students in the future? Leave your views in the comments section below. Stay connected to Leverage Edu for all the latest information on CBSE and other boards in India.