On 29th June 2021, the Central Board for Secondary Education (CBSE) in collaboration with NPCI has launched the ‘Financial Literacy Workbook’ for students of class 6. CBSE has launched the book as part of a new elective ‘financial literacy’ subject. It will enable students to have an understanding of basic financial concepts at a preliminary stage of their education.
Topics Covered in the book
This textbook covers important topics with respect to financial awareness. It includes basic financial concepts to Banking, Security, and modes of Digital Payments such as UPI, Cards, Wallets, and more. It entails the origin of banking, the transition from coins to paper money, types of banks, and major operations and services carried out by banks. This workbook also contains important functions of the Reserve Bank of India and the Government of India providing momentum to Digital Payments movements.
This workbook also covers some advanced concepts like IMPS, UPI, USSD, NACH, PoS, mPoS, QR Codes, and ATMs. Building upon these concepts the workbook also contains the importance of Aadhar and Aadhar Enabled Payment System (AePS). This workbook can be accessed online. Work is already in process for content for classes 7th & 8th.
Union Education Minister, Dr. Ramesh Pokhriyal tweeted to show his excitement regarding the launch of this workbook. He said, “I feel delighted to share that now our young students will gain knowledge on basic financial concepts, insights about digital payments and much more through the newly launched book- Financial Literacy Workbook for Class 6 Students curated by CBSE & NPCI.”