ASE,NISM tie up to impart lessons on stocks in schools

K K Mishra said the objective of the tie-up is to add clarity to the securities market through educational institutions and explore avenues of cooperation between ASE and academia. “The exchange staff will visit school management,principals and faculty to create awareness of the programme. They will arrange for workshops for principals and teachers,so that they too have a clear understanding of the subject,” he said.

ASE will also coordinate exams and collect training fees as decided by NISM.

School for Investor Education and Financial Literacy (SIEFL) is one of the six schools run by NISM that will participate in the programme.

NISM registrar M L Soneji,who was once executive director of ASE,said NISM resource persons would visit Ahmedabad to train the teachers as identified by ASE. These teachers would in turn teach students about fundamentals of stocks and finance.

“The exercise is being undertaken in other states as well. Teachers will be explaining the basic concepts in local language so that students can follow it,” Soneji said.

Meanwhile,the ASE has already readied a ground report before the MoU is signed with National Stock Exchange. “The proposal has been prepared by the Governing Board of ASE but it will have to be ratified by the General Body Meeting that will be held some time around September,” Mishra said.