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UP Board students to get lessons in banking, cashless transactions

The Uttar Pradesh Board of Secondary Education has amended its curriculum which will enable senior students enrolled in schools affiliated with the Board to get lessons in banking to equip them with skills and knowledge to use in real life.

education Updated: May 06, 2017 19:20 IST
K Sandeep Kumar
The Uttar Pradesh Board of Secondary Education has amended its curriculum to equip students with skills and knowledge to use in real life.
The Uttar Pradesh Board of Secondary Education has amended its curriculum to equip students with skills and knowledge to use in real life.(PTI file)

The Uttar Pradesh Board of Secondary Education has amended its curriculum which will enable senior students enrolled in schools affiliated with the Board to get lessons in banking to equip them with skills and knowledge to use in real life.

From class 9 onwards, students of such schools will be taken on visits to banks to give them first-hand knowledge on how these financial institutions work, how to write and deposit cheques, deposit and withdraw cash and apply for a loan.

The amended curriculum has been sent to all district inspectors of schools (DIoS) on May 5. It will be introduced for lakhs of students in over 25,000 schools affiliated to the UP Board from the 2017-18 session which starts in July.

“The amended curriculum also has changes in subjects like Hindi, home science and science. It has been uploaded on the official website of the Board (www.upmsp.edu.in),” said secretary, UP Board, Shail Yadav told HT.

Keeping in view the government’s emphasis on cashless transactions across the country, knowledge of procuring and using debit and credit cards, safety precautions in their use, online transactions with banks as well as the process of applying for permanent account number (PAN) cards have also been included in the curriculum at different levels.

The students will also be informed about latest developments in the fields of banking, finance and taxation. The curriculum will also include information on the Goods and Services Tax (GST).

The government is gearing up to familiarise schools with the new curriculum.

“I plan to hold a meeting of principals of all schools affiliated with UP Board in Allahabad and discuss the new curriculum. The challenges cited by them then would be resolved. If needed, we will also take help of officials of different banks for perhaps teaching select topics, facilitate visits of school kids in small numbers to their respective branches as well as guide students in project works if required,” Komal Yadav, district inspector of schools (DIOS), Allahabad.

The notification about the new curriculum is yet to reach all schools, but some have already welcomed it.

“It is a welcome move and as all schools have teachers of different subjects including social science and economics, a little extra effort would be enough to teach these new topics like different taxes including GST to students in classrooms. We will get in touch with officials of different banks also near our schools and invite them to come and give guest lectures on different banking topics and processes. With their cooperation, visits of small groups of students led by a teacher can also be arranged as a field trip to their banks for hand-on experience to students,” said Pradeep Tripathi, Principal, Madhav Gyan Kendra, Naini (Allahabad).

The incorporations have been made by amending the curriculum of social science, moral science, sports and physical education to ensure that students grow up as honest tax payers and keep national interest and development in mind. The objective will be achieved through theory lessons, project works and visits to nationalised and private banks.

The amended curriculum will also help students make budgets and stick to it and plan early for the future.

The aim is to give students tips on building their own budget to control their money and create financial plan for their goals by the time they pass class 12.

One expert gave the amended curriculum a thumbs-up.

“It is vital that school kids are taught life skills and this initiative of UP Board seems well intended. It would be best if these topics related to finance and banking are taught to them more through activities, projects and field visits than theoretical classes,” said PK Sahoo, professor of education, Allahabd University and pedagogy expert, state council of educational research and training (SCERT), UP.