The Olympiad places an emphasis on real-world program to close the financial literacy gap between Indians.
Financial education does not just involve comprehending statistics and mathematical formulas. It contains a number of crucial ideas that will affect a person’s financial potential. Financial literacy is a fantastic way to help students navigate the complex world of today’s money. By incorporating it into the American school curriculum, it is a great way to motivate students. However, only 16.7% of American school- going learners have a good understanding of personal finances. The National Finance Olympiad works with schools to raise awareness of the value of financial knowledge from the very beginning and the advantages it can bring about.
About the Business and the Story
An action of a Fintech business, Streak, the National Finance Olympiad, undertakes this competitors among college students across the country to deliver financial literacy. The National Finance Olympiad aims to instill good money habits in children through rivals because financial education is a necessary life skill. The owners, Shiv Bidani and Mitul Mehta, ex- VITians and past colleagues who shared a passion for entrepreneurs, recognized the lack of financial knowledge among American students. Younger students are drawn to competitive exams because of the brief, concise format, which both encourages monetary learning and encourages competitive exam competition. More than 100 institutions and 5000 students took part in the National Finance Olympiad during the 2023 educational time, which is evidence of the organization’s success.
How does the National Finance Olympiad Function?
The National Finance Olympiad aims to raise awareness of the value or significance of financial learning at the local level.
Some renowned institutions are at the forefront of the economic training trend.
- The International School Bangalore
- The Presidency School
- National Public School
- Greenwood High International School
- Sri Kumaran Children’s House
- Delhi Public School
- Bishop School Camp
- K R Mangalam World School
- Birla Public School
- Pathways School
The National Finance Olympiad has been a powerful platform for more than a year by providing useful insights into money management through cutting-edge teaching techniques and encouraging economic learning through the use of the comprehensive and simple study toolkit. Students in grades VI through XII are able to participate in the Olympiad in volumes.
There are two levels of competition:
- Intra-School Level Members compete against peers from their individual schools to advance to the Nationals.
- Top performers from participating institutions compete at the federal level to win the most prizes.
Following the opposition, the members receive diplomas and reports on how well they understood the various financial aspects. Winners and exceptional performers receive funds awards, National- degree acknowledgement certificates, and letters of excellence. As students get older, the program encourages them to acquire expertise and make wise financial decisions.
The National Finance Olympiad is designed under the guidance of leading experts like Prof. Sankarshan Basu (Professor IIM Bangalore), Mr. Reeju Datta (Co- founder, Cashfree), and Mr. Soumya Kanti Purkayastha (Ex- CEO Berkeley HealthEdu and Ex- CBO Aakash Educational Services). Their financial and managerial experience makes a significant contribution to NFO’s overall framework and learning environment.
The subscription process for the 2024 academic year has begun for the National Finance Olympiad. Principals and Teachers you submit a school registration for the Olympiad through the business www.thenationalfinancialolympics .org. nationalfinanceolympiad.com
Conclusion
Instilling financial education early helps students make informed money decisions as they progress in their careers and lives. The guidebooks provided offer a blend of theoretical financial education and practical money management skills, enriching students’ understanding of finance. The Olympiad places an emphasis on real-world program to close the financial literacy gap between Indians. With a mission to foster a financially sound and empowered generation, the National Finance Olympiad plays a pivotal role in shaping the financial future of India.
Disclaimer: This article is a paid publishing and does not have journalistic/editorial engagement of Hindustan Times. Hindustan Times does not endorse/subscribe to the contents of the article/advertisement and/or views expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same.