Officials from the Investor Education and Protection Fund Authority (IEPFA) and the Association of Chartered Certified Accountants (ACCA) recently came together in a significant ceremony. This collaborative effort aims to bring about a remarkable transformation in financial literacy within India.
Empowering India's Youth with Financial Wisdom
Enhancing Financial Literacy through Collaboration
The Investor Education and Protection Fund Authority (IEPFA) and the Association of Chartered Certified Accountants (ACCA) have joined forces, as evidenced by the signing of a memorandum of understanding (MOU). This partnership is dedicated to educating and protecting investors, with a special focus on the nation's youth. By working together, they seek to empower the next generation with sound financial knowledge and decision-making skills.The strategic alliance between IEPFA and ACCA is designed to bolster financial literacy among Indian schoolchildren. The "Financial Education for You" (FEFY) programme, which will be introduced to schools targeting students in grades six to nine, aims to instill prudent financial habits from a young age. IEPFA will support the integration of this four-year course into selected schools across diverse regions, ensuring widespread accessibility.ACCA will contribute the programme's digital content at no cost, significantly expanding the reach of financial education. Additionally, ACCA members will train school educators, equipping them with the necessary skills to effectively impart this crucial knowledge. The FEFY pilot phase is set to commence in selected schools, with ACCA providing the necessary digital content and resources.The programme emphasizes interactive and experiential learning to positively influence students' financial behavior. Participating schools are required to meet specific digital criteria and dedicate time for student involvement and teacher training. This ensures a comprehensive and effective learning experience.Furthermore, the IEPFA-ACCA partnership will organise seminars, workshops, and roundtables on various aspects related to financial education, investor protection, and capital market growth. ACCA will fund these events, further solidifying the commitment between the two organisations and expanding the reach of investor education efforts.IEPFA CEO and Indian Ministry of Corporate Affairs joint secretary Anita Shah Akella expressed her enthusiasm, stating, "We are delighted to collaborate with ACCA to promote financial awareness among students across India. Our aim is to equip future generations with the information and abilities needed to make wise financial decisions, and our partnership is a crucial step in achieving this goal. By integrating financial education into schools, we hope to foster a financial literacy culture that will contribute to a more robust economy and responsible investors."Bringing Financial Insights to Your Business
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Sign up for our daily news round-up and give your business an edge with our leading industry insights. Stay informed about the latest developments in the financial and corporate sectors.This partnership between IEPFA and ACCA holds great promise for the future of financial education in India. By combining the expertise of both organisations, they are laying the foundation for a more financially literate society, one student at a time. 
