The Hindu : Tamil Nadu / Chennai News : Financial literacy course planned

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Saturday, Jan 31, 2009
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Tamil Nadu

Tamil Nadu - Chennai

Financial literacy course planned

Staff Reporter

Photo: S.S. Kumar

NISM Advisor Paritosh Sharma (right) in discussion with Madras Stock Exchange Institute of Capital Market Chairman V. Nagappan at the meeting on introduction of financial literacy course in schools, in Chennai on Friday. MSE director S. Venkateswaran (left) is in the picture. —

CHENNAI: As part of its initiative to make youth more financially responsible, the Madras Stock Exchange has planned to introduce a course in financial literacy ‘Money Edge’ for school students in the city.

Speaking at a meeting to elicit views of school principals here on Friday, V.Nagappan, Chairman, Madras Stock Exchange Institute of Capital Market, said, “We want to create sensitivity among students towards saving and investment.”

Director of MSE S.Venkateswaran said that the course would be a joint effort of the Exchange and the National Institute of Securities Market (NISM), Mumbai.

“Teaching school students will help avoid poor financial decisions in future that can take years to overcome,” said Paritosh Sharma, Adviser, National Institute of Securities Market (NISM), Mumbai.

The course is available in English and would be introduced initially in schools for students of Standard VIII to XI in the city.

Rural areas would be covered after the preparation of course material in regional languages, said Mr. Sharma. “We hope to get the cooperation of schools as this is part of our corporate social responsibility of making the youth financially aware,” said R.K. Pillai, MSE Executive Director.

MSE would conduct a free training workshop for teachers of the interested schools. They were required to appoint a teacher-coordinator for the program to coordinate the delivery of training . A minimum of 100 students would be the requirement for conducting the course in a school, said Mr. Sharma.

The course would have eight sessions with family activity booklets for enhancing the family’s financial awareness quotient. “The course material has explained the financial concepts in a lucid way,” said Sourav Sinha, a student of Sri Sankara Vidyashram.

Students should be taught a strong value system on wealth management. This course would be useful, said S. Jayasri, a teacher.

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