NCFE- ‘National Financial Literacy Test’ for the students of Classes VIII, IX and X

National Institute of Securities Markets (NISM), Mumbai, invites all school students from classes VIII to X to participate in the National Financial Literacy Test (NFLT) being conducted on 12th January 2014.

National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the NSFE. In this regard, NISM has set up National Centre for Financial Education (NCFE) with the support of all the financial sector regulators in India:  Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority (IRDA), Pension Fund Regulatory and Development Authority (PFRDA) and Forward Markets Commission (FMC), to further the cause of financial literacy and inclusion in India in a collaborative manner.

NCFE’s National Financial Literacy Assessment Test (NCFE-NFLAT) is one such step in this direction. By conducting a national level test, NCFE plans to motivate school students (of classes VIII to X) to learn the concepts of finance and also measure their financial awareness so that they inculcate an important life skills at an early age leading to sound financial decisions later.

Registrations would start from 1st November, 2013 and will be accepted only through schools. No individual registrations would be entertained.  Before registrations open, the schools could enroll themselves by following the link on the NISM website- www.nism.ac.in.  The important details of NCFE-NFLAT are as follows