RBI will teach ABCD of economic education to school children, syllabus prepared, know when will it be implemented?


Several states have agreed to make financial literacy program a part of the school curriculum.
School education boards will incorporate this literacy program whenever the curriculum is revised.
Basic financial literacy in school education would go a long way in expanding financial education in the country.

New Delhi. The Reserve Bank of India (RBI) along with other regulators have prepared a financial literacy program for the Board of School Education. Barring three states, all others have agreed to include it in their school curriculum. RBI Executive Director Anil Kumar Sharma gave this information at an event here on Monday.

“If we can incorporate basic financial literacy in school education, it will be very good for the expansion of financial literacy in the country,” he said. Except the states, others have given their consent. He said that this program has been prepared after consultation with all financial regulators.

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Syllabus will be implemented in schools soon
While addressing the ‘Sa-Dhan National Financial Inclusion Conference 2022’, Sharma said, “Whenever the syllabus is revised, the Board of School Education will include this literacy programme. This course has been specially designed keeping in mind the students of class VI to X.

Along with this, he said that the central bank is reviewing the entire structure of Banking Representative (BC) as this system has not worked as expected. During this, common points related to the role of BC and the services provided by them are being looked into.

BC was conceptualized with the aim of bringing financial literacy to the last man of the society. However, he said that this objective has not been achieved due to regulatory restrictions and operational bottlenecks.

Tags: financial institutions, RBI, RBI Governor, school syllabus

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