Education News : RBI selects Karnataka to introduce course on financial sector

Bangalore: Keen to improve the country's "financial literacy", the Reserve Bank of India (RBI) has decided to introduce financial sector issues as part of the curriculum in schools and colleges and chosen Karnataka for the pilot project.

The plan is part of the central bank's platinum jubilee celebrations.

"As an enduring legacy of the RBI which completes 75 years in 2009, we have decided to improve financial literacy of students at the school and college level. We will do the pilot project in Karnataka," RBI Governor D. Subbarao told reporters here after state Chief Minister B.S. Yeddyurappa agreed to support it.

The pilot project will be launched to commemorate the RBI's platinum jubilee in coordination with the state and central governments. Teachers at the school and college levels will be involved along with noted people in the academia.

"The curriculum will have the latest knowledge, so that students will have a minimum understanding of the issues in the financial sector," Subbarao said at the end of his two-day visit to this tech hub, the first visit since taking over as governor on Sep 5 last year.