ICAI Developing Financial Curriculum for CBSE Schools; Punjab, Maharashtra, Rajasthan,Others Interested: President Nanda

Replying to a question by Shiksha on which state boards have approached ICAI for financial curriculum, CA Charanjot Singh Nanda said that several state governments shown interest in integrating the program into their school curriculum.

The Institute of Chartered Accountants of India (ICAI) is working on a financial literacy curriculum for school students from classes 6 to 10, to equip young learners with essential money management and financial skills. ICAI President said that the initiative currently implemented only for CBSE schools, is under development for other school boards across India.

“We are very keen that the students should be masters in financial literacy. We want everybody to be financially literate, knowing how to manage money and finances effectively,” the ICAI President said.

Replying to a question by Shiksha on which state boards have approached ICAI for financial curriculum, CA Charanjot Singh Nanda said that several state governments, including Punjab, Maharashtra, Rajasthan, Assam and Odisha have shown interest in integrating the program into their school curriculum.

He explained that the syllabus is designed to be student-friendly and easy to understand, covering both financial and accounting concepts. ICAI President said that ICAI has already developed such curriculum for CBSE schools for classes 6 to 10, other boards including ICSE are in the planning stage.

Highlighting the importance of early financial awareness, the ICAI President added once fully implemented, this initiative is expected to foster financial literacy and practical money management skills among students, preparing them for responsible financial decision-making in the future.