Aditya Birla Capital Foundation (“ABCF”), Aditya Birla Capital’s CSR arm, and the National Institute of Securities Market (“NISM”), a SEBI educational initiative, have announced a collaboration to run a customized Financial Literacy Program for children in over 60 cities across Tier-II and Tier-III locations across India.
The program aims to raise financial awareness among more than 40,000 college students, who will participate in a 10-hour financial literacy classroom instruction led by NISM-certified trainers. Participants who successfully complete the training will be awarded a certificate by NISM and Aditya Birla Capital Foundation.
Furthermore, in order to develop the habit of saving, financial planning, and investing, the module will aid in the delivery of simplified understanding of financial and securities markets. The goal is for students to grasp the framework of personal finance, various investment and savings opportunities, the prerequisites for participating in securities markets, and various risk assessment and mitigation measures. The training will also assist participants in developing future-ready skills and exploring job opportunities in the financial services sector.
National Institute of Securities
“Empowering the youth with financial knowledge is critical in today’s dynamic economic landscape,” said Mrs. Vishakha Mulye, Director, Aditya Birla Capital Foundation and CEO, Aditya Birla Capital Limited. Financial education is a life skill that, if taught to children at a young age, will help them develop responsible financial behavior and a mindset that will allow them to take care of their financial well-being in the future. Our work with NISM reflects our commitment to provide future generations with the knowledge and skills they need to make sound financial decisions and succeed in their careers.”
“NISM is tasked with the objective of increasing awareness on the systems, products, and processes in the securities markets to a large number of stakeholders in the eco-system and creating a cadre of well-informed practitioners in tune with the regulatory objectives,” said Dr. CKG Nair, Director of NISM. This combined endeavor of NISM and ABCF is a perfect venue for achieving the goal of well-informed securities market participants.”
These trainings will be held in Maharashtra, Gujarat, Goa, Madhya Pradesh, Rajasthan, Uttar Pradesh, Haryana, Chhattisgarh, Jharkhand, Uttarakhand, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, West Bengal, and Assam, among other states.