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Vocational course in finance for schoolchildren- 17-Jul-2015
Chennai: Central Board of Secondary Education (CBSE) students belonging to Classes 9 and 10 will be offered a vocational training course in Financial Market Management (FMM) from this academic year, it has been announced.
It is touted as an initiative under the National Skills Qualification Framework, which is the quality assurance framework for the Union Ministry of Human Resource Development’s (MHRD) vocational/skills education programmes. So far, the CBSE has been offering this as a joint certificate course in collaboration with the National Stock Exchange. This vocational course, however, is optional and schools with adequate facilities are only recommended to offer it.
In a circular issued recently, MVV Prasada Rao, Director (Vocational Education and Edusat), CBSE, said that India faced an acute shortage of trained professional in the BFSI (Banking, Financial Services and Insurance) industry, which has been identified by the National Skill Development Corporation as one of the growth sectors. It would be a skill-based competency course with students studying FMM for 200 periods each in Classes IX and X. The course would deal with the basics of money management and an introduction to financial markets.
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