Financial literacy for children

Various agencies have come up with learning resources on financial literacy for children. The following are some of them.

Project Financial Literacy of RBI

The Reserve Bank of India has undertaken a project titled "Project Financial Literacy". The Objective of the project is to disseminate information regarding the central bank and general banking concepts to various target groups, including, school and college going children, women, rural and urban poor, defence personnel and senior citizens.

The project has been designed to be implemented in two modules, one module familiarises users with the role and functions of the Reserve Bank of India; and through the other module, users are introduced to banking concepts.

Raju and the forty theives

Raju and the forty theives is a pictorial mode booklet, released by RBI to create awareness among the public and customers, across all age groups with different education levels, including, inter alia, school children, young adults, semi-literates and senior citizens, etc., irrespective of their place of habitation. The booklet is a lucid pictorial depiction of the modus operandi observed in fraudulent financial incidents and aims to help learn from common mistakes and take steps to protect themselves and their hard earned money from fraudsters.

As the name suggests, ‘Raju and the Forty Thieves’ covers forty stories providing glimpses of fraudulent acts reported to the Bank , including the RBI Ombudsmen and the Consumer Education and Protection Department (CEPD) and provides simple tips about Do’s and Don’ts as safeguards against such incidents. Raju is a typical gullible citizen, and, in these stories, he appears in different characters/roles, be it that of a senior citizen, a farmer or a happy-go-lucky individual, etc., to enable different stakeholders identify themselves with him in different walks of life.

To access the booklet, click here.

• Raju and the Money tree - Basic Banking
• Money Kumar & The Monetary Policy - Learning about The Monetary Policy!
• Old Man Monetary 
• Raju and The Skyladder 
• Raju and The Magical Goat  
• Money Kumar & Caring for Currency  
• Raju and The Friendly ATM  
• Raju and The Debit Card  

For more information, visit https://www.rbi.org.in/financialeducation/

Personal Finance - Reading Material from National Council of Educational Research and Training (NCERT)

This resource includes several modules such as Financial Plan, Budgeting, Managing your money, Financing Assets, Protection of Assets, Investing Money, Retirement planning, Taxes and you and career planning. To access the resource, click here.

Pocket Money workbook - The Students guide to money

Pocket Money is Securities and Exchange Board of India (SEBI) and National Institute of Securities Markets (NISM’s) flagship programme aimed at increasing financial literacy among school students. The objective is to help school students understand the value of money and the importance of saving, investing and financial planning.

The resource material is available in Hindi and English. To access the resource in English, click here. To access the resource in Hindi, click here.

Financial education for school children

This resource was developed by National Stock Exchange (NSE) under the guidance of the Advisory Committee for the Investor Protection and Education Fund (IPEF) of Securities Exchange Board of India (SEBI). The resource covers sessions on Money matters, Budgeting, Investments and Stock market. The resource is available in English and Hindi. To access the resource in English, click here. To access the resource in Hindi, click here.

Introduction to Retirement Planning for School Students

This resource explains about retirement, retirement planning and pension. The resource material is developed by Pension Fund Regulatory & Development Authority. To access the resource, click here .

Commodity Futures Market for School Students

This resource briefly explains about Commodity Futures Market, Forward Contracts, Regulation of commodity futures market in India and Major commodities in which futures trading is being conducted in India. To access the resource, click here.

Material on Insurance for children

The resource material developed by Insurance Regulatory and Development Authority (IRDA) is available as comic strips and as videos. It explains about basics of insurance, Insurance Ombudsman, ULIP, motor and health insurance, etc.
To view the comic strips in English, click here.  To view the comic strips in Indian languages, click here. 
To view the comic strip animations, click here.

Source: National Centre for Finance Education