NSE education initiative

The National Stock  Exchange has tied up with 250 schools in 22 cities, in various regions, in Ahmedabad, Baroda, Bangalore, Calicut, Cochin, Coimbatore, Hubli & Dharwad, Mangalore, Pondicherry, Dehradun, Jaipur, Lucknow, Hyderabad, Bhubaneswar, Jamshedpur, Ranchi, Bhopal, Goa, Indore, Nagpur, Pune & Raipur.

The NSE is conducting a workshop, for two hours, on the concepts of financial planning, termed as “The Three Jars: Spend, Save, and Grow.”

 This workshop will be conducted by NSE representatives who will educate students on the importance of frequent saving, wise spending, and growing money. The exchange shall inform the students on the difference between “needs and wants”, in their daily life, on how one must address “needs” and try and curtail “wants”, as much as possible. In the next session, of the same workshop, students will be taught the importance of savings. Here, the focus will be on topics like importance of saving regularly, start saving from a young age, save for a longer period, start saving with small amounts, savings must have a goal and that it must have a clear plan of action.

The third session--Grow, shall talk about the importance of growing savings--how important is it to save for one’s financial well-being, saving and investing wisely, the fact that it is not just about saving but also looking at growing one’s saving and that happiness has no price and cannot be purchased.

Post the completion of this workshop, students will work on a project termed as “My Hero”—Find the financial hero around you--wherein they will have to talk about the people, in the real world, who are facing financial challenges. The students will have to interview such individuals, judge them as to who is the real hero amongst the ones they have short-listed and interviewed.

NSE conducted special two-hour movie screening for children, on motivating global business leaders like Bill Gates, to inspire the young minds planning their future course of action. This was followed by a project, for the next two months.

 The third and final workshop started in February, called “Financial Wiz”; focuses on the essentials of financial planning, followed by a test. In the third workshop the exchange included finance master mind (a finance Olympiad level 1) to help student to know their financial acumen. The students passing this level would qualify for the next level of Olympiad.

The entire workshop involves educating students on basic financial concepts such as interest rates, inflation, value of money and other interactive activities. Post the successful completion of an activity or a project, students become well acquainted with the basics of financial concepts and they are also awarded with certificates.
The NSE website, www.nsefq.com, is an interactive one and explains the basics of finance to the youth at an early stage.

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