Financial Literacy for Students (Fin-lites) - K V Kolshet shows the way

By Sudhir Raikar

Kendriya Vidyalaya, Kolshet, Thane near Mumbai was one of the earliest schools to run the Flame Fin-lites contest for its students of VIII and IX standards under an exclusive tie-up between IIFL Flame and the Kendriya Vidyalaya Sangathan to promote financial literacy among KV students. 

Thanks to the whole hearted co-operation of KV Kolshet Vice-Principal Ms. Gowri Devi and the proactive support of two senior teachers - Ms. Amruta Gulia and Ms. Kankana Maelzer, the FLAME team put the Fin-lites contest in perspective for the students in an inaugural session specifically organised for the purpose.

Ms. Amrita Gulia (left) and Ms. Kankana Maelzer (right)

KV Kolshet Project Champions for Fin-lites

The students, the Flame team found, were exceptionally agile to the need for building awareness in money matters and proactively participated in the interactive session. It may be noted that Flame has consciously chosen to keep the contest voluntary in nature to ensure that no student treats it an academic burden. Yet, the response from the students was almost cent per cent.

The inaugural meeting ended with the intimation that a Fin-lites workbook would be circulated to each student who enrols for the contest which will be followed by a written examination of 50 marks and project assignment of 50 marks in due course. The consolidated result, it was revealed, would be declared at the end along with the distribution of merit and participation certificates.

It was reinforced to the students that participation was the only key to the contest and results, good or bad, were only incidental. Unlike conventional examination-driven contests, Fin-lites doesn’t distinguish between bright and dull students. And going by their response, the students seemed to have appreciated the Fin-lites ethos in full measure. 


Flame Fin-lites awareness session in action

The school got back in quick time with a list confirming as many as 150 enrolments. As conveyed, the Fin-lites workbooks were circulated among the participants and commensurate study time was announced on the occasion. The workbook, apart from the notes on the syllabus, also gave suitable options in terms of the project assignments to be submitted in due course.   

The Fin-lites examination was held on Jan 31, 2012 in the school premises under elaborate arrangements, with teachers consenting to act as supervisors over and above their normal duties. What’s more, there were a few enrolments at the eleventh hour despite the fact that was little or no study time involved. This reflects the keen interest shown by the school students, worthy of adulation and emulation in the same breath. The school performance was exceptional both in the academic challenge of the written examination as also the project assignments that called for a more creative bent of mind. Almost 25 per cent of the students won merit certificates having scored 75 per cent or more in aggregate while the rest of the students were awarded participation certificates.


Proud KV Kolshet students with their IIFL Flame Fin-lites certificates

Among the most notable performers were:

Std. IX - B Hari Hara Subramanium 97% and Rishika Pandit 94%

Std. VIII Jina Maria 91% and Sonal Sharma 87%

Hearty congratulations to all the students for their exceptional performance and wilful participation. Hope many more schools take a cue from the example of K V Kolshet and keep the FLAME ablaze… 


A premier educational organization running as many as 1087 schools across India and abroad, KVSis a mammoth reservoir of actionable knowledge comprising a gigantic family of 10,58,450 students and 49,286 employees.

Ever since its inception in 1965, the Kendriya Vidyalayas (Central Schools) have carved their niche as holistic centres of excellence in the field of secondary and senior secondary education promoting national integration and a sense of ''Indianness''.

KV’s judicious blend of languages and sciences and itsegalitarian mix of students from all sections of the society make it a unique institution promoting value- added education through cost-effective means; an unparalleled modus operandi that develops India’s thought leaders of tomorrow, year after year.

All Kendriya Vidyalayas are co-educational and composite schools imparting quality education through common text-books and bilingual medium of instructions across all Kendriya Vidyalayas.

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