CBSE Collaborates With Kotak Mutual Fund to Improve Financial Literacy Among Students, Teachers

The Central Board of Secondary Education (CBSE) has formed an indirect partnership with Kotak Mutual Fund, to provide financial literacy education to students as well as teachers. As part of the objective, the two organisations are seeking to launch an investor education and awareness campaign known as ‘Seekho Paiso ki Bhasha.’

The mission’s goal is to educate and increase awareness among about 75,000 educators, the majority of whom are women. The project intends to contribute to the country’s path towards a possibly prosperous future through educating and empowering teachers. The idea would be operational once a complete set of educational and awareness workshops in financial understanding are held in India’s most distant districts.

“Through Seekho Paiso Ki Bhasha, we are committed to promoting financial empowerment; we recognise that teachers stand as the architect of our nation’s future, shaping the future generations,” Nilesh Shah, Managing Director (MD), Kotak Mutual Fund said, as per the press release. The initiative will contribute to a future in which teachers not only guide students but also serve as the economic backbone of our country, Shah asserted.

The drive intends to offer roughly 1,000 financial literacy workshops between September and October this year. These sessions will be offered in more than 100 sites, ensuring that teachers from around the country may participate. Kotak Mutual Fund will train approximately 75,000 CBSE teachers when the scheme is completed, with half of them being female educators.

As part of this endeavour, Kotak Mutual Fund has hired more than 500 qualified trainers from the Centre for Investment Education and Learning (CIEL). These trainers will check and guarantee that the programme maintains a high degree of quality and relevance.

Meanwhile, Dr Biswajit Shah, Director (Skill Education), CBSE stated that “CBSE has taken initiative along with Jeevitam to sensitize the teachers of affiliated schools across the country on Financial Literacy. Many financial institutions have supported this initiative,” as reported by Hindustan Times. Further expressing his delight over the initiative, Shah also stated that they are glad to see Kotak Mutual Fund collaborating in a large way to equip teachers across India with financial knowledge, therefore contributing to the nation’s bright future.

Around 1,000 financial literacy courses are part of the campaign, and they are scheduled for September and October 2023. These will be held in over 100 venues, assuring a wide audience and ease of access for educators all throughout the country. Over 500 instructors from the Centre for Investment Education Learning (CIEL) will lead the training sessions. Kotak Mutual Fund aims to reach more than 75,000 teachers by the conclusion of the initiative, with 50 per cent of them being female educators.