Report on Money Smart School Programme for Newspaper
GIS becomes Money Smart
Gaurs International School has been awarded with the ”Money Smart School″ award by the National Center for Financial Education.
This is an initiative of the National Centre for Financial Education (NCFE) which is promoted by Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Development Authority (PFRDA).
It provides unbiased financial education in schools for improving financial literacy which is an important life-skill for holistic development of each student.
The program is based on two pillars; education and awareness, and aims to establish a sustainable financial literacy campaign that will empower an entire generation.
As guided by this vision, we have adapted the financial literacy program for classes VI to VIII with the study material jointly prepared by NCFE and CBSE, to equip our students to deal with today's complex financial products and services and exhibit prudent behaviour and attitude when it comes to managing their own money.
Through this programme our students learnt about the banking system, Insurance along with the concept of saving and investment at an early stage.
To facilitate in depth learning the students were told to prepare a budget on their pocket money and also learn about financial planning of their birthday parties, get togethers, etc.
They also showcased their skills by presenting a skit on Financial education through which they made the audience clear about soiled and mutilated notes.
The students were trained by NCFE certified Money Smart Teachers. Their evaluation was done through the means of an exam on completion of which they were awarded with the Money Smart Student Certificate.