The market regulator SEBI (Securities and Exchange Board of India) and the National Institute of Securities Market (NISM) are planning to develop course material on financial education for high-school students.
To introduce financial education in schools, the NISM started talks with the finance ministry, human resource development ministry and others in August 2011. And SEBI is interacting with the Reserve Bank of India, and Insurance Regulatory and Development Authority.
According to NISM, the school syllabus has various subjects and it is trying to see how it can include comprehensive financial education as a separate subject in the current curriculum.
The NISM has started designing the course material for school, which would include topics like savings, investments, banking, financial planning and other subjects.
Once the study material is ready, the subject is likely to be introduced in schools in two years. NISM will also train school teachers for the same.