The Central Board of Secondary Education (CBSE) and the Institute of Chartered Accountants of India (ICAI) have signed a Memorandum of Understanding (MoU) to enhance financial literacy and promote commerce-based skill development among students. This collaboration, spearheaded by ICAI’s Committee on Career Counselling, aims to equip students with practical skills and knowledge in the banking, financial services, and insurance (BFSI) sectors, paving the way for improved employability and career opportunities.
Under the initiative, ICAI will contribute its expertise to develop course content, study materials, and training modules. It will also organise workshops, training sessions, and career counselling activities to raise awareness about career prospects in accountancy and related fields. A key focus of the partnership is to familiarise educators and students with the diverse opportunities available in the commerce sector.
Key Highlights of the Agreement
ICAI President CA Ranjeet Kumar Agarwal hailed the partnership, stating: “This MoU marks a pivotal step towards building a robust skill development ecosystem for students across India. By promoting commerce-based skill courses, we aim to equip students with industry-relevant competencies and bridge the gap between education and professional demands. This partnership will undoubtedly open new career pathways in accountancy and finance.”
The collaboration will also include awareness programmes targeting school principals, teachers, and management teams of CBSE-affiliated schools. These sessions will highlight the significance of BFSI-related skill courses in shaping students’ careers.
CBSE plans to roll out capacity-building initiatives to empower teachers and ensure they are equipped to deliver specialised commerce-related courses effectively.
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Expanding Education and Professional Development
Beyond this partnership, ICAI continues to foster academic excellence through collaborations with over 85 universities, colleges, and educational institutions. These initiatives aim to bridge the gap between academic learning and the evolving demands of the global economy.
