ICAI Developing Financial Education Curriculum for CBSE; Multiple States Punjab Maharashtra include

Responding to a question about which state boards have contacted ICAI regarding the financial literacy curriculum, CA Charanjot Singh Nanda said that several state governments have expressed interest in incorporating this program into their school curriculum.

ICAI Developing Financial Curriculum for CBSE Schools

The Institute of Chartered Accountants of India (ICAI) is working on a financial literacy curriculum for school students from classes 6 to 10 to teach young students essential money management and financial skills. The ICAI President said that this initiative, currently implemented only in CBSE schools, is also being developed for other school boards across India.

The ICAI President said, "We want students to be proficient in financial literacy. We want everyone to be financially literate, to know how to manage money and finances effectively."

Responding to a question about which state boards have contacted ICAI regarding the financial literacy curriculum, CA Charanjot Singh Nanda said that several state governments, including Punjab, Maharashtra, Rajasthan, Assam, and Odisha, have expressed interest in incorporating this program into their school curriculum.

He explained that the syllabus has been designed to be simple and easy for students to understand, incorporating both financial and accounting concepts. The ICAI President stated that the ICAI has already developed a similar curriculum for CBSE schools for classes 6 to 10, while other boards, including ICSE, are still in the planning stages.

Emphasizing the importance of early financial awareness, the ICAI President further added that once fully implemented, this initiative is expected to foster financial literacy and practical money management skills among students, preparing them to make responsible financial decisions in the future.