Saturday, October 23, 2021

Financial Literacy workbook to enflame financial aptitude in class-6 students

Union Education Minister Ramesh Pokhriyal ‘Nishank’ on 29 June launched the ‘Financial Literacy Workbook’ for Class 6 students. The workbook is launched with the aim to ignite young minds and inculcate a financial aptitude from a young age.

How it will help young minds?

The book developed by the Central Board of Secondary Education (CBSE) and the National Payments Corporation of India (NPCI) will help class-6 students to understand the basics of financing. It will be beneficial for them, not just on the professional front, but also at a personal level. The practical approach of the book, with illustrious examples, is sure to make every student a financial guru.

Union Education Minister, Ramesh Pokhriyal Nishank took to Twitter to express his elation at the launch of the book. He said, “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.”

What to expect in the workbook?

The workbook is designed to stimulate the interest of young minds in banking and payments. It also reiterates the relevance and role of digital payments in today’s time.

The book will further help students and teachers to traverse the origin of banking in India and in understanding the transition from coins to paper money, to the types of banks, and the major operations and services carried out by them,” the CBSE said.

It is divided into four units to cover crucial financial topics and create financial awareness, among students, starting from basic concepts like currency banking, security, savings, and investments, UPI, RuPay cards, wallets, to evolved concepts such as IMPS, USSD, NACH, PoS, mPoS, QR Codes, and ATMs, etc.

Converging with the National Education Policy (NEP) vision:

The workbook is in line with the New Education Policy (NEP). At the core of it, lies the idea to promote learning distinct and complex concepts from a young age, like coding, financing, etc to fuel student’s curiosity and develop a multi-faceted aptitude.

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