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Principal Secretary, School Education and SCERT, Menukhol John on Monday said that Naga society was lacking in financial literacy and yet to realize the importance of financial market management. Saying this, he urged the students to take up financial literacy at young age to be successful in life.
The secretary said this while addressing the gathering at the one day seminar with the heads of institutions for Financial Market Management (FMM) course-cum-certificate distribution for FMM course as special guest.
The programme was organized by National Stock Exchange (NSE) Academy Ltd and Nagaland Board of School Education (NBSE) at Capital Convention Centre, Kohima.
He lauded the NBSE and NSE for organizing the seminar and also congratulated the schools and teachers for introducing FMM as part of syllabus. He reminded the gathering that FMM should start from one kitchen and must use creativity to run the business successfully.
Chief executive officer NSE academy limited Abhilash Misra in his address as guest speaker said that everyone should know the basic skill of financial literacy as it has become essential for foundation skill. He encouraged the students to be skilful beyond the text book and also stressed on the need to possess the knowledge of earning, saving, securing future, life after retirement and others.
Mishra also called upon the students to learn financial skill even though they may not be from Commerce background.
Senior manager NSE academy Ltd, Avik Gupta spoke on financial markets employment potential, scope of FM skills, career opportunities of FMM, role of NSE Ltd in promoting financial education, salient feature of FMM for the students.
NBSE chairman, Asano Sekhose in her key note address said financial literacy and foundation in financial management was an essential life skill, which should be acquired by everyone irrespective of jobs, profession, rich and poor. She said without the knowledge of economy or finance, one would be handicapped.
Sekhose also said that to inculcate and promote the knowledge of finance among the students, the Board in collaboration with the NSE have introduced the course for Class IX from the academic session 2016 on a pilot basis in some selected schools in Kohima, Mokokchung and Dimapur districts.
Acknowledging the importance of the course, the subject on finance has been made compulsory for all Class IX students from the academic session 2017 and the course was further extended to Class X from the academic session 2018.
Till date, 5129 students in 2016 and 14,290 students in 2017 have received the pass certificate for the course in Class IX, she added. Sekhose also said that enrolment for the academic session 2018 was 13,026 in class IX and 10,150 in Class X and for the academic session 2019, 13,069 in Class IX and 10,165 in Class X have enrolled.
She also said that FMM course was introduced as an elective subject in both Arts and Science stream from the academic session 2018 with some modifications.
Earlier, the programme began with an invocation by principal St. Xavier Higher Secondary School Jalukie, Fr. George Antony and word of experienced by principal Pranab Vidyapith Higher Secondary School, Dimapur Manoj Bhattacharjee and Benjongnengsang Longkumer from model HSS Konia.
Special song was presented by Aseii Riipreo Model HSS Kohima.
Altogether, 33 students qualified for FMM were given certificates by special guest and guest speaker.
The programme was attended by director SCERT, director School education, mission director Samagra Shiksha, students and heads of institutions from 120 schools.