2021 India Global Money Week
GMW NATIONAL COORDINATOR:
- The Securities and Exchange Board of India
- Reserve Bank of India (RBI), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority of India (IRDAI), National Centre for Financial Education (NCFE), National Institute of Securities Market (NISM), BSE Ltd., National Stock Exchange of India Ltd. (NSE), Central Depository Services (India) Ltd. (CDSL), National Depository Services Ltd. (NSDL), Multi Commodity Exchange of India Ltd. (MCX), National Commodity & Derivatives Exchange Ltd. (NCDEX), Kids Money Smart
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
NUMBER OF ADULTS REACHED DIRECTLY:
NUMBER OF PEOPLE REACHED INDIRECTLY:
A micro-site was developed for Global Money Week 2021 and was run on SEBI Investor website. This microsite contained information related to various activities which were carried out during GMW2021. The microsite also contained links to websites of other participating organisations like RBI, IRDAI, PFRDA, NISM and NCFE. A press release about celebration of GMW2021 was issued by SEBI on March 23, 2021. During GMW2021, 1126 financial education webinars were conducted covering approximately 100.000 participants. Around 5,600 participants registered for the Quiz Competition and around 2,480 participants showed up for the Quiz. Around 1,680 participants registered for an essay writing competition. During the run up to the Global Money Week and during the week, SEBI Investor website was visited by more than 1400000 visitors. Common Financial Education Booklet of SEBI along with FAME booklet of RBI was standardised educational material for different target groups. The soft copy of these booklets were sent through email to all the participants of all the events organised during the campaign week.
In addition, throughout Global Money Week in 2021, Kids Money Smart institution focused on teaching financial literacy to children with ages between 5 to 15. The Global Money Workshop was held online. The virtual launch was attended by the SEBI Governor on the first day of the Campaign. Other activities focused on social media engagement.
2019 India Global Money Week
- Children International, SAHAY
- Noble Public School Rajsamand
- Quilon Management Association (Qma) (Affiliated with All India Management Association(Aima))
- 67 Schools, Ami Amchi Arogya Sathi, Ashurali Gram Unayan Parishad, Baikunthapur Shishu Seva Kandra, Bani Mandir, Bengla Express, Child In Need Institute, Community Centre, Hazra, Kolkata, Community Centre, Jorashako, Kolkata, Community Centre, Raja Bazer, Kolkata, Economic Rural Development Society, Gramin Samasya MuktiTrust, Kalayan Bharati, Kollam District Cooperative Bank, Mukti Ananda Thirtha, National Bank for Agriculture and Rural Development (NABARD), Noble Senior Secondary School Falna, Prayatn Sanstha, RCBS news channel, Satya Bharati, Socio Legal Research and Training Centre, Sree Narayana Public School, Tarakeswar Maternity and Child Welfare Centre
NUMBER OF CHILDREN REACHED DIRECTLY:
- 3 700
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 97 500
Children International, SAHAY
Children International SAHAY, together with its partner, organised multiple events during GMW2019. Prior to the start of the Week, the organisation encouraged the children to participate in the Global Money Week Countdown Challenge. During the Week, workshops on “Learn.Save.Earn”, a financial literacy camp, drawing competitions, and money-box competition were organised. Additionally, Children International SAHAY participated by celebrated International Aflatoun Day.
MelJol and its partners organised many different activities for children and youth in India for GMW2019. During the Week, children from different schools participated in poster making competitions, to generate awareness on the importance of savings. A Skype Call was organised with Aflatoun clubs in different countries. Additionally, Skype calls with children in different regions in India were also conducted. A debate competition was organised in different regions in the country. The children spoke about the importance of saving resources and money. The discussion highlighted that children should start discussions on their dependency on their parents, different ways of how they can save money, and how to start a child-friendly enterprise. Throughout the Week, surveys were conducted by Aflatoun Children, asking college students what their behaviour is towards financing. SHG Groups conducted sessions with Aflatoun Children, to teach them about the benefits of saving and the processes female entrepreneurs go through to take out a loan. Finally, an Awareness Rally was organised, based on the GMW theme “Learn.Save.Earn”. The rally went through the entire city, to ensure that everyone was impacted.
Quilon Management Association (Qma) (Affiliated with All India Management Association(Aima))
During GMW2019, the Quilon Management Association organised various events and activities. The celebrations included speeches by experts on finance and business, sessions on financial literacy, games on family budgeting, and a quiz on financial inclusion. The Week was opened in the presence of the President of School Management, the President and Secretary General of QMA, and the local CYFI representative. All activities were aimed at improving the financial capabilities of the younger generation to become better managers of their own money.
Noble Public School Rajsamand
At the Noble Public School in India, GMW2019 was opened by the Ombudsman, with the Financial Literacy Counsellor delivering a speech on the importance of money and financial literacy in life. The event was attended by staff, parents, teachers, and, most importantly, students. Throughout the Week, sessions were conducted on different topics, such as needs and wants, smart ways to save money, the different bank accounts available, and financial planning. Additionally, bank visits and a quiz on financial budgeting were organised.
2018 India Global Money Week
- ESAF Small Finance Bank and ESAF Society
- Kerala Gramin Bank
- Nobel Public School, Bhawa Rajsamand
- PSGR Krishnammal Nursery and Primary School
- Sahay Children International
- Sesame Workshop
- Vidya Institute Science and Technology (VAST)
- Ashurali Gramonnayan Parishad, Baikunthapur Sishu Seba Kendra, Bani Mandir, Cini-Moyna Rural Health Development Centre, Economic Rural Development Society, Financial Literacy Centre, Gandhi Vichar Parisad, IEDC, Kalayan Bharati, Kankroli (Rajsamand), Mukti Ananda Tirtha, NABARD, Over 600 schools, Rajasthan Marudhara Gramin Bank, Sameeksha, Sesame Workshop local teams in Bangladesh, Brazil, China, India and United States, Socio Legal Aid Research & Training Centre, Taraknath Maternity and Child Welfare Centre Satya Bharati, Trainers’ Club, 1 college, 12 media organisations, 2 schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 105 874
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 651 946
Kerala Gramin Bank
All 616 branches of the Kerala Gramin Bank conducted the Kerala Youth Collage competition for school children as part of GMW2018. “Savings for the Future” was the theme set for the Junior category and “Digital Banking - Banking Made Easy” was the theme for the Senior category. The winners of each category were awarded cash prizes of INR 10000, 5000 and 3000, along with two consolation prizes of INR 1000 each. The event war promoted via social media channels.
ESAF Small Finance Bank and ESAF Society
ESAF Small Finance Bank organised awareness sessions on the topic “Youth and Money Matters” in two schools. ESAF Small Finance Bank officials said that the purpose was to spread awareness among youth on financial matters like honest earning, spending wisely, investing and saving for future, so that they become financially responsible citizens.
Vidya Institute Science and Technology (VAST)
During GMW2018, a financial literacy awareness session was offered for children, youth and for adults at the Vidya Academy of Science and Technology. The session was focused on teaching students the importance of financial literacy. Multiple speeches were given, on themes such as Money Matters Matter, human relations, financial literacy for the deaf and dumb, opportunities for entrepreneurs. The former General Manager of RBI delivered the keynote address and focused on the need for financial literacy, as India moves from a traditional economy to a market economy. A Debate Competition followed the opening event, with the topic “Automation has made banking impersonal”. Six teams took part in the competition and were evaluated on their content delivery, presentation style, and language.
Sahay Children International
Sahay Children International organised multiple activities for GMW2018, including visits to a bank, workshops, quizzes, and drawing competitions. Children and youth had the opportunity to participate in the GMW Money Box Challenge and GMW Selfie Challenge, both of which ensured that the youth enthusiastically participated in Global Money Week. Covering GMW events through media channels increased the organisations reach during the Week. During the GMW2018, a huge initiative was taken to promote the concept of “Money Matters Matter” in the communities. Financial literacy awareness sessions were offered to children, youth and adults, including sessions on Child Rights and Responsibility, Economic Right and Responsibility, Educational game, and Smart savings.
Global Money Week, an initiative of Child & Youth Financial International, one of Dream, Save, Do’s global advisory partners, is an annual financial awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship. These themes closely align with Dream, Save, Do and so felt the Week provided a wonderful opportunity to promote their work. In preparation for Global Money Week, Sesame Workshop created and sent out a social media guide with sample posts and hashtags to all our local Dream, Save, Do production teams. Sesame Workshop India created a social media campaign promoting Global Money Week. Sesame Workshop also coordinated events with local teams in Bangladesh, Brazil, China and the United States.
Nobel Public School, Bhawa Rajsamand
The events at the Nobel Public School were sponsored by the Financial Literacy Center, Rajasthan, Marudhara Gramin Bank, Kankroli (Rajsamand), who provided financial assistance under the Financial Awareness Programme and NABARD. The aim of the week was to make young people aware of the importance of money and to develop the habit of saving. At the closing event, Financial Literacy Counselor Mahesh Chandra Bagarwal gave a presentation, telling the children why money matters matter. RMGB manager Bhanawat explained about opening savings accounts and the special guest educationist, Fatah Lal Anokha, explained the importance of money through a poem. To promote financial awareness, children were rewarded with prizes for good performance in various activities during the Week and received certificates for participation. The school’s Director, Pravin Gurjar, welcomed the guests and Principal Kavita his expressed gratitude for their participation.
PSGR Krishnammal Nursery and Primary School
Throughout GMW2018, the School along with its management team, the Principal, a local bank manager and his staff reached 682 children, 800 young people and 1,500 parents through visits to the Indian Overseas Bank, ATM Centers, digital finance support and participated in a virtual tour. Throughout the Week, young people could explore various activities related to financial literacy Finance Literacy Exhibition. High-level discussions, seminars, and other educational sessions were organised by the staff from the Indian Overseas Bank. Furthermore, non-teaching staff and parents had the opportunity to attend workshops on financial education. At the close of the week, Financial Fairs were held on the school’s premises.
2017 India Global Money Week
- National Bank for Agriculture and Rural Development Reserve Bank of India
- National India Post
- Magic Planet
- National Indian Public School System
- Canara Bank
- Rajagiri Outreach
- Children International
- Rotary Club
NUMBER OF CHILDREN REACHED DIRECTLY:
- 200 000
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 1 200 000
In 2017, Global Money Week was used as a primary platform in India to celebrate the FI@School programme being carried out by the Kerala Gramin Bank (KGB), which is akin to the SchoolBank programme of CYFI. The programme facilitates end-to-end activities designed to facilitate economic empowerment of children and youth by providing them with access through appropriate banking products and economic citizenship education.
In order to commemorate the success of FI@School programme and to celebrate GMW, Kerala Gramin Bank has convened a gala event in Thiruvananthapuram, Kerala attended by local, regional, and national high-level delegates from the Ministries, the Reserve Bank of India, other banks, school children, and teachers. During the event, it was declared by the Minister of Kerala that the programme was able to impart financial literacy and inclusion to more than 60,000 students in 580 schools. Additionally, Kerala Gramin Bank handed over a check of INR 2 million to the State Education Department for ensuring the continuity of the programme by implementing Smart Classes and other facilities in selected government schools.
The function was also attended by various other dignitaries to launch national level programs, including a Facebook page dedicated to financial literacy, a variation of “OttanThullal” (a popular folk dance form) to teach financial literacy, the “DiGi KGB” android app that permits any individual to open a Savings Bank account on their own, and the “Little KGB” app, which is intended for inculcating savings and banking habits among underprivileged children in an interactive way through comics and adventurous stories.
The National India Post has also unveiled the special day postal cover issued, commemorating the GMW celebrations which would allow people to post together with the Global Money Week Logo, CYFI Logo, and all partner institutions in India, to be used within a certain time limit.
Mr. Gopinath Muthukad, a very popular magician, also distributed prizes to the winners of essay writing competition conducted by banks as part of GMW celebrations.
The programme was attended by more than 1000 students, teachers and public, in addition to the high level delegates who participated in the event. Wide publicity was given through print and social media.
In addition to the programme in Trivandrum, various other activities were also organised across the country. Rajagiri Outreach has organised multiple activities with their outreach college, which included an essay competition on this year’s theme of “Learn. Save. Earn”, together with the Rotary Club. Children International has also organised a number of activities, workshops, and lectures to creatively teach children about money matters. Meljol also continued their efforts this year in celebrating Global Money Week, in line with Aflatoun Day, which has actively engaged more than 20 of their partner schools to teach social and financial education hand-in-hand in this year’s Global Money Week.
2016 India Money Week
- Bombay Stock Exchange
- Reserve Bank of India
- Kalinga Institute of Social Sciences
- Divya Disha- Telangana
- Life Education and Development Support (LEADS)- Jharkhand
- Network for Enterprise Enhancement and Development Support (NEEDS)- Jharkhand
- Youth Council for Development Alternatives (YCDA)- Odisha
- Association for Social and Health Advancement (ASHA)- Odisha
- RAJAGIRI Outreach- Kerala
- Prayatn- Rajasthan
- Childhood Enhancement through Training and Action- Delhi
- Apeksha Homeo Society- Maharashtra
- New Vision- Maharashtra
- Abhivyakti Media for Development- Maharashtra
- Aamhi Amchya Aarogyasathi- Maharashtra
- Vikas Sahyog Prathishthan- Maharashtra
- Gramin Samassya Mukti Trust-
- Early Childhood Care and Development Center
- State Bank of India
- Ministry of Consumer Affairs and Fair Business Practices
- United Bank of India
- United Commercial Bank
- Bandhan Bank
- Bank of India
- Axis Bank
DATE OF THE EVENT:
- 14th - 20th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 13 960
TOTAL INDIRECT REACHED:
- 5 200
Global Money Week 2016 is celebrated across multiple parts of India together with Children International, as well as Meljol and its partner organisations. The activities throughout the country included visits to various stock exchanges and banks, financial education games and workshops, art competitions, theatre plays, a signature campaign and opportunities for the children of the visiting schools to present about GMW.
Awareness among Aflatoun children was made by arranging visits to the BSE (Bombay Stock Exchange), and ringing the opening bell of the Stock Exchange. This activity provided a platform for some of the representatives from the BSE to join MelJol as volunteers to contribute to the cause. Additionally, the BSE, being a prominent financial institution, brought a lot of value to the visibility and reach of the message of financial education for children and youth.
Children from five schools in Mumbai coordinated a signature drive/campaign as a gesture of agreement among the public on the importance of improving social and financial inclusion of children and youth. The children provided an act about saving money to people passing by. Accordingly, the children also asked people passing by about their financial practices in order to learn more about the different approaches that people take towards money management. If a person agrees with the points raised by the students, they asked them to sign on a signature board as a symbolic commitment to improve their financial behaviour.
Fourteen partner NGOs identified one school, were ten students visited the Educational Department’s office and asked the officers questions about their ideal saving practices. Partners organised educational officials for the children to meet when in the office, so that they got the chance to learn about good savings habits in a new way.
Additionally, to foster creativity during the Week, some of Meljol's partner organisations also identified schools were they conducted a poster competition for Global Money Week. The partners selected five best posters from each school to be sent to Meljol. With the help of a team of juries, 30 posters were selected and exhibited during Global Money Week at a minimum of three locations and published in the MelJol website, annual reports and social media channels.
Below were the topics under the theme of saving:
- Saving is the foundation of development
- Saving is the first step towards development
- From saving towards development
- Save money, money will save you
- Save money, fulfill your dreams
MelJol and various banks worked together to display the GMW banners on their premises. The banks who have been trained for the Schoolbank Champ programme were selected to participate during Global Money Week.
Children International (CI) participated during Global Money Week in Delhi and Kolkata. CI implemented a variety of activities to engage children and youth to learn about responsible spending and saving habits. In Delhi, Global Money Week was celebrated though Aflatoun partner organisations’ celebration of Aflatoun Day to showcase the progress of the programme to the community. Children presented their craft items and sang the Aflatoun song. Parents also played financial games with their children and community members as part of the festivities.
In Kolkata, many activities were done to celebrate both Aflatoun day and Global Money Week. Youth were able to visit banks to talk with the branch managers, and even had the opportunity to open bank accounts. Bank members also gave financial motivation sessions to teach the importance of saving. A variety of skits, plays and magic shows were all used to display the importance of savings during the awareness camp. A group of youth from Kolkata also submitted a video to the Aflateen Digital platform about a campaign they started in their community called “Take Part, Save Smart.” The youth won the 2016 Aflateen Ambassador Award.
2015 India Money Week
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 1 576
“We save….we save money from our pocket money, we spend carefully, we learn entrepreneurship skills. Do you save?, would you tell someone to save and spend carefully…”Children in the MelJol programme
These were the voices from children heard when MelJol celebrated Global Money Week during March 9-17. Some would ask them why they are talking finance at this tender age and the children would reply:
“Why not! If we learn the habit of saving from young and learn to prioritize needs over wants, we can become economic and contributing citizens of this country!"
Continuing from last year, Meljol and the Kalinga Institute of Social Sciences once again took part in the Global Money Week 2015 celebrations. Meljol organised many activities including a signature campaign by school children, rally, fun games, and role playing to make people aware and understand about the importance of saving and responsible spending. The Kalinga Institute of Social Sciences, with the support of the Reserve Bank of India, organised various activities from bank visits to interactive fun activities and workshops on money management, savings, and investing for futures. Children International also participated in Global Money Week 2015 in India.
Meljol hung a bell on the busy street of Mumbai which attracted the attention of passersby. They got an opportunity to walk up to a board where they inscribed their signatures as a mark of solidarity and their pledge to spread the word about saving. They also got the opportunity to satisfy their curiosity and ring the bell.
A procession to create awareness about Global Money Week was organised where banners and leaflets were handed out to thousands of office goers and students going to schools and colleges.
DNA, a leading newspaper in Mumbai, covered the event on their 17 March edition.
To mark Aflatoun Day children made masks and wrist bands with Aflatoun mascot, a fireball from out of space which teaches kids about financial education, and shared them with other children. They also prepared a short play highlighting the importance of saving and opening bank accounts. The play was performed in front of students from many schools where MelJol and Aflatoun programs were conducted. A magic show was organised to entertain children, the creative magician incorporated messages of savings and conservation in his show.
Children took part in a Skype calls with their peers from countries like Iran and Uganda. The children shared information about their country, what do they do in their country, about saving and their activities around it. Children also sang Aflatoun song and respective country’s National Anthem. Children were very happy to connect with the other children and stated “we are all part of such a big family.”
Kalinga Institute of Social Sciences once again engaged its students by giving them the chance to learn how banks work by organising bank visits. These visits were conducted for them to learn how to open an account, the importance of having an account within their family and how they could collectively save. The key message during these visits also centered on why it is important to save and motivations such as being able to afford what they want, investing for future education, and assuring funds for emergency circumstances. Apart from this, many young people from Kalinga Institute of Social Sciences also had the chance to learn about the importance of savings through in-class sessions, video viewing, and story-telling.
Children International participated in Global Money Week 2015 by organising a session in Delhi for both parents and children. Activities such as games and discussions focused on their knowledge about finance, and their views about the importance of savings. In addition, children were also given the chance to edit and design their savings boxes that they could later use to save.
2014 India Money Week
DATE OF THE EVENT:
- 10th - 13th of March
NUMBER OF CHILDREN REACHED:
Kalinga Institute of Social Sciences (KISS), SHARP and Reserve Bank of India organised separate Global Money Week celebrations in India. Activities involved youth visits to banks, workshops on the topics of money and history, and screening of education films, and interactive sessions on various financial, social and livelihoods related topics.
Groups of students organised by KISS visited branches of Punjab National Bank in groups of 20-25. During their visits, students learnt about the function of banks, how they could open bank accounts and other related financial matters.
KIIT School of Management organised an interactive session with students on the topics of barter system, purpose of coins and paper currency, and the different currency around the world A strong emphasis was given to the need to save and invest money.
A large group of students from KISS were shown educational videos on the topics of: the history of the Indian rupee, the history and measure of money, the problems and evolution of money, and “how do banks function and profit”. After the videos were screened the participants broke into groups and discussion was stimulated to delve deeper into the topics touched on by the videos.
SHARP organised a session on the importance of financial savings, how to open a savings account, and examples of planned as well as unplanned expenditures. Gifts sponsored by Reserve Bank of India were given to the participants at the close of the session.
KIIT School of Management organised an interactive session on political science, business studies, geology, commerce, economics and social work to discuss in detail Financial Inclusion and Economic Citizenship. The participating students were from vulnerable and marginalized societies. Various other topics were discussed as well, such as exchange rates, basics of import and export, account deficit, sovereign debt and more.
Reserve Bank of India and SHARP organised an interactive session with high-school students on the topics of financial fraud and various kinds of educational loans available from various banks for pursuing higher education. SHARP organised a financial learning game called the “Spending Spree” in order to teach the participants about proper spending behaviours.
In Kolkata, Children International celebrated Global Money Week and Aflatoun Day by hosting a series of activities around the theme of “Youth should learn about how money works.” The activities included discussions, debates, bank visits and inspiring speeches from Bank Managers of various public sector banks. Over 180 youth and 60 adults participated in the bank visits where the youth learnt how to open and maintain a bank account. The participating banks included the State Bank of India (Hazra Branch), the Bank of India (Morjada Branch) and United Commercial Bank (Chaulpatti Branch). Youth and adults alike were motivated by this activity and opened their personal bank accounts.
2013 India Money Week
NAME OF THE ORGANISING ENTITY:
- O.P Jindal Global University
DATE OF THE EVENT:
- 15th - 21st of March
NUMBER OF CHILDREN REACHED:
- 2 215
Center for Democracy and Market of O.P. Jindal Global University celebrated Global Money Week with the “Hamara Khata, Hamara Aadhaar‟ campaign across villages and towns in Sonipat to create awareness about financial products and institutions and government transfers through Aadhaar-UID programme of GOI.
The financial literacy campaign has majorly targeted children and youth in rural India. A two-day camp was organised in urban blocks of Sonipat at G.V.M Girls College and Government Polytechnic Sonipat. In villages, assemblies took place, door-to-door campaigns were organised, counseling session hosted and financial literacy surveys undertaken. Special counseling sessions were also organised on subsidies available on kerosene, fertilizers and agricultural loans. Financial knowledge was further spread by distributing more than 150 books on banking and financial inclusion, myriad story books and comics.
The campaign succeeded in opening more than 800 bank accounts for students studying in government schools and more than 430 youth obtained subscriptions for insurance cover in rural Sonipat. In urban block, associative events were held with colleges and schools targeting more than 750 educated youth.
The inauguration of the campaign was held at GVM Girls College on “Financial Literacy and Women Empowerment‟ More than 85 students participated in a poster competition on “Financial Literacy and Inclusion” in other schools. A career-counseling workshop for students was also organised by professional guides in the educational field to prepare the students for their future.