Saturday, October 11, 2025
NSN
NTTF_mini_web_banner
SGSU-banner-1
Didac India & Skills Combined NSN Banner-01
  • Home
  • Conversations
    • Industry Conversations
    • All Conversations
  • Perspectives
    • Education
    • Emerging Technologies
    • Government Initiatives
    • Industry
    • Industrial Training Institutes (ITIs)
    • NEP 2020
    • Skill Training
  • News
    • Latest Updates
    • News Archives
    • CSR and ESG in Skill Education
    • Skill Development e-Magazine
    • NSN PDF Newsletter Archives
  • Videos
    • Explainers
    • Panel Discussions
    • Student Stories
    • Video Conversations
  • Resources
    • Apprenticeship
    • e-Books
    • Resources
    • Success Stories
  • Events
    • Workshops
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Privacy Policy
No Result
View All Result
NSN
  • Home
  • Industry Conversations
  • Perspectives
    • Education
    • Emerging Technologies
    • Government Initiatives
    • Industry
    • Industrial Training Institutes (ITIs)
    • NEP 2020
    • Skill Training
  • News
    • Latest Updates
    • News Archives
    • Skill Development e-Magazine
    • NSN PDF Newsletter Archives
  • Resources
    • Apprenticeship
    • E-books
    • Resources
    • Success Stories
  • Events
    • Workshops
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Privacy Policy
NSN
No Result
View All Result
Home Perspectives Government Initiatives

MSDE Launches Revised Model Skill Loan Scheme to Empower Youth

Team NSN by Team NSN
July 26, 2024
Reading Time: 2 mins read
A A
0

The Ministry of Skill Development and Entrepreneurship (MSDE) has launched a revised Model Skill Loan Scheme. This new initiative aims to break financial barriers for students seeking advanced skill courses, ensuring access to high-quality education without financial constraints.

The loan will provide better access to advanced-level skill courses, overcoming financial barriers to many aspiring students in acquiring futuristic and in-demand industry skills. By enhancing loan accessibility, the scheme empowers India’s youth to build a future-ready workforce.

Key Changes in the Revised Model Skill Loan Scheme:

  • Expanded Lender Eligibility: Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), and Small Finance Banks are now eligible to extend loans.
  • Increased Credit Guarantee Cover: Loans disbursed will be backed by a guarantee against default up to 75% of the loan amount.
  • Higher Loan Limit: The maximum loan amount eligible for credit guarantee cover has been increased from INR 1.50 lakhs to INR 7.50 lakhs.

MSDE Launches Revised Model Skill Loan Scheme to Empower Youth

The launch event was attended by Secretary, MSDE Shri Atul Kumar Tiwari; AICTE Chairman Shri T.G. Sitharam; Senior Economic Advisor, MSDE Shri Nilambuj Sharan; CEO, NSDC Shri Ved Mani Tiwari; Chairman, NCGTC Shri Durgesh Pandey; Deputy CEO, Indian Banks Association Shri Gopal Bhagat; and CEO, Eduvanz Financial Services Shri Varun Chopra.

During the launch, Shri Jayant Chaudhary emphasized the scheme’s significance. He highlighted its role in providing collateral-free loans up to Rs. 7.5 lakhs and acknowledged the inclusion of new lending institutions. “As India undergoes rapid technological and societal shifts, our education and job markets must evolve,” he said. “This Model Skill Loan Scheme is a reform and liberalisation that addresses public demand and aligns with our strategic vision for 2047.”

Click Here to Read on A Guide to Organizations Offering Loans Under the Skill Loan Scheme

Shri Atul Kumar Tiwari, Secretary, MSDE, underscored the importance of integrating new-age learning into the skill development ecosystem.

He noted that this scheme provides opportunities in India and global mobility for a range of skill courses in sectors such as

  • Healthcare
  • IT
  • AI-Data Science
  • Cloud Application
  • Digital Marketing
  • Hospitality
  • Animation
  • Gaming
  • Graphic Designing
  • Drone Technology and more

“This initiative will help candidates from urban and semi-urban areas access affordable finance for specialized training, enhancing their placement opportunities and potential for international mobility,” he added.

The new Model Skill Loan Scheme builds upon the Credit Guarantee Fund Scheme for Skill Development (CCFSSD), launched in 2015, addressing the challenges of financing high-skill training amidst rapid technological advancements.

RelatedPosts

Bharat SkillNXT 2025: A Decade of Skill India Mission and a Leap Toward Future-Ready Skilling

Integration of Vocational Education in Schools: State Boards Stepping into Dual Role as Awarding Bodies

Department of School Education and Literacy Held National Conference on School Board Equivalence and Assessments

Tags: Ministry of Skill Development and Entrepreneurship MSDEMSDE Launches Revised Model Skill Loan Schemenew-age learningRevised Model Skill Loan Schemeskill coursesSkill Loan Schemeskilling programs
WhatsApp Join our WhatsApp channel for more updates:
WhatsApp Join Now!
YouTube Subscribe to our YouTube channel for more updates:
YouTube Subscribe Now!
Previous Post

Sustainable Industry-Academia Partnerships for Skill Education in India – Episode 3

Next Post

AISECT and SGSU lead the way in work-integrated learning through Kaushal Charcha on WYSD 2024

Team NSN

Team NSN

Next Post

AISECT and SGSU lead the way in work-integrated learning through Kaushal Charcha on WYSD 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
samplead3 samplead1

Subscribe to our e-Magazine

Trending Topics

skilling in India (131) National Skill Development Corporation - NSDC (127) skill development news India (124) skill development (114) Ministry of Skill Development and Entrepreneurship MSDE (101) vocational education (93) Apprenticeships (86) skill development news (79) skill development programs (70) Nettur Technical Training Foundation (NTTF) (68)

Follow us

  • The shift from Generative AI to Agentic AI is here!  While Generative AI creates based on prompts, Agentic AI goes a step further - it plans, decides, and acts to achieve goals autonomously.  We’re moving from prompt-based assistance to purpose-driven autonomy.  To thrive in this new era, professionals need more than AI literacy. They need skills in workflow design, problem-solving, and human–AI collaboration.  Swipe 👉 to explore:
✨ How Agentic AI is reshaping workflows and learning
✨ How it’s redefining the future of work
✨ The key skills to thrive in the Agentic era  #AI #AgenticAI #GenerativeAI #SkillDevelopment #DigitalSkills #LearningAndInnovation
  • Telangana unveils 65 Advanced Technology Centres (ATCs) with hands-on training, ₹2,000 scholarships, RTC apprenticeships, and pathways to global careers. Watch the video to know more!  #skilldevelopment​ #telangana​ #advancedtechnologycentres​ #futurereadyskills​ #techskills2025​
  • Team NSN wishes you all a Happy and Prosperous Dussehra!  #dussehra #dasara #durgapuja #ashtami
  • Across India, states are stepping up with new skill development policies, global collaborations, certification drives, and future-focused programs.  From integrating vocational education and digital technologies to preparing youth for opportunities in AI, sustainability, and overseas jobs, these initiatives are shaping a future-ready workforce.  Such efforts reflect how state governments are aligning with national priorities and global trends to make skilling more inclusive, industry-driven, and impactful.  Stay updated with this week’s roundup of state initiatives in skill development!  Click here to read more: https://nationalskillsnetwork.in/weekly-newsbytes-from-nsn-on-skill-development-and-education-30th-september-2025/  Want your state’s skill development story featured? Reach out to us at NSN!
  • Parents dream of doctors, engineers, and CEOs. But what about skills that make students employable and future-ready?  👉 Skill-based and vocational subjects shouldn’t just be for government schools – they must be part of every school, even the elite ones.
👉 It builds inclusivity, equity, and real-world readiness.
👉 It gives all students innovative career exposure beyond textbooks.  But here’s the real question: Are parents ready to embrace this change? 💡  #gobeyond #skills #education #appliedlearning #parents #employability #futureofwork
  • Vocational careers aren’t a backup plan, they’re a smart plan. 🚀  Skill-based paths build innovators, creators, and leaders for the ambitious, not the academically weak!  #vocationalcourses #vocationalcareers #SkillDevelopment #skilltraining
  • CSIR-CMERI Apprentice Induction 2025–26: Opportunities for Engineering and Commerce Graduates  CSIR-CMERI has announced 37 apprentice positions for 2025–26 under the Board of Practical Training (Eastern Region) through NATS.  The program offers hands-on training across Mechanical, Civil, Electrical, IT, Chemical, and Commerce disciplines, with stipends up to ₹9,000 per month.  This is a valuable opportunity for fresh graduates to gain practical experience in advanced R&D environments.  For detailed application, visit the link in the bio!  #SkillDevelopment #apprenticeship #training #technicaltraining
  • Do women really have fewer career opportunities in manufacturing and emerging technologies? 👩‍🔧  Here
  • Apprenticeship reforms 2025: Stipend hike and more!  New amendments bring higher stipends, degree-linked apprenticeships, virtual options, and inclusive opportunities, making apprenticeships more attractive and future-ready.  #apprenticeship #stipend #skilldevelopment

About us

National Skills Network (NSN) captures and shares the positive impact of various training, skill development and vocational education initiatives in India.

To know more about Our Team: Click here

Address

NSN Digital Solutions Pvt. Ltd.
CIN: U74999TG2020PTC147299
MSME: UDYAM-TS-09-0086473
Gachibowli, Hyderabad – 500032

Email us: contact@nationalskillsnetwork.com

Important Links

  • Conversations
  • Perspectives
  • News
  • Skill Development e-Magazine
  • Resources
  • Our Team
  • Our Clients
  • Partner with us
  • About us
  • Advertise with us
  • Content Disclaimer
  • Privacy Policy

© National Skills Network Content licensed under CC BY-ND 4.0. Commercial use requires permission.

No Result
View All Result
  • Home
  • Conversations
    • Industry Conversations
    • All Conversations
  • Perspectives
    • Education
    • Emerging Technologies
    • Government Initiatives
    • Industry
    • Industrial Training Institutes (ITIs)
    • NEP 2020
    • Skill Training
  • News
    • Latest Updates
    • News Archives
    • CSR and ESG in Skill Education
    • Skill Development e-Magazine
    • NSN PDF Newsletter Archives
  • Videos
    • Explainers
    • Panel Discussions
    • Student Stories
    • Video Conversations
  • Resources
    • Apprenticeship
    • e-Books
    • Resources
    • Success Stories
  • Events
    • Workshops
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Privacy Policy

© National Skills Network Content licensed under CC BY-ND 4.0. Commercial use requires permission.