DEVELOPING THE NEXT GENERATION OF ECONOMIC CITIZENS THROUGH SCHOOLBANK CHAMPS : AN EMPIRICAL STUDY

THIRUMA VALAVAN A

Volume : V, Issue : X, October - 2015

DEVELOPING THE NEXT GENERATION OF ECONOMIC CITIZENS THROUGH SCHOOLBANK CHAMPS : AN EMPIRICAL STUDY

Thiruma Valavan A

Abstract :

SchoolBank Champs is an exciting national level program launched by Indian Bank Association (IBA) and supported by Child & Youth Finance International. The program aims to promote social and financial education for children and youth. Access to financial services through a bank account is a crucial first step in helping children and youth become economically active society members and promoting financial inclusion. With this vision of building the next generation of economic citizens in India, IBA plans to launch the SchoolBank Champs program to provide financial education and access to financial products to school children in India. The program is to educate and empower children to use personal savings and social entrepreneurship as a means to fulfil their dreams – “Paise Bachao, Sapne Sajao” SchoolBank Champs involves a balance of social education and financial education for children. By financial education we mean teaching children to save, to keep financial records and to design projects for income generation.