75 new schools start Financial Market Management course, launched by CBSE and NSE
The Financial Market Management (FMM) course for students of Class IX and X, launched jointly by the Central Board of Secondary Education and the National Stock Exchange of India, is gaining traction in the current (2016-17) academic session.
NSE had previously signed an MOU with CBSE for promoting financial market-related education among children through CBSE-affiliated schools.
"This will enable them to take smart investment decisions when they grow up and understand the value of money," said Ravi Varanassi, CEO - education and group head - equity and equity derivatives, NSE.
Of the 75 new schools, many school societies and groups have decided to start the course this year. The Kendriya Vidyalaya Sangathan, which has a huge network of schools, is starting this year with 25 schools in the Delhi, Agra, Jaipur and Dehradun regions. In addition, five schools from the Bharti Foundation in Punjab, schools under the jurisdiction of the Banaras Hindu University group in Varanasi, and Delhi Public Schools across the country are starting the course for their students.
With more schools expected to follow soon, the training of the school teachers to teach the subject from Class IX to XII started from this month. It is expected that around 150 teachers will get trained in the initial round.
In 2007, CBSE and NSE had together launched the FMM course for students of classes 11th and 12th as a new subject stream. In these classes, it can be taken either as a vocational subject or as an academic subject. In class XI and XII, students will study about Introduction to Financial Markets, Mutual Funds, Capital Market and Derivative Market Operations. With these courses available in classes XI and XII, FMM provides complete vertical mobility to students to pursue career opportunities in the financial sector.