NSDC collaborates with Avanse Financial Services to provide financial solutions for skill requirements of youth

National Skill Development Corporation (NSDC) has partnered with Avanse Financial Services Ltd., India’s new age, technologically advanced and education focused Non-banking Financial Company (NBFC) with an aim to provide fast and affordable financing solutions to the youth of the country. This collaboration will help in the growing need of a skilled workforce in the country across various sectors by assisting the aspirants in acquiring the required skills with the help of customized financing solutions.

This partnership enables empowered workforce

Skill-based education is essential to acquire practical skills along with academic degrees. This can be achieved by Technical and Vocational Education and Training (TVET) which will make them job-ready and positively impacting the economy in the long-run. This unique partnership will assist Avanse Financial Services to create an empowered workforce in India with the help of the institutions affiliated with NSDC through a result-oriented framework.

Amit Gainda, MD and CEO, Avanse Financial Services

“Skill development is extremely crucial as it can contribute to structural transformation and economic growth by enhancing employability and labour productivity. India is one of the youngest countries in the world, with more than 62% of the population in the working-age group and more than 54% of the total population below 25 years of age. This creates a large pool of human resources with high-untapped potential for development.”

He also said that they are delighted to partner with NSDC as it will give an opportunity to strengthen our purpose of democratizing education and education financing in India. This will also contribute towards developing a ‘skilled India.’  This partnership will increase the reach and fulfil the mission of making education financing seamless, affordable, and accessible for every deserving Indian student.

Ved Mani Tiwari, Chief Operating Officer and Officiating CEO, NSDC 

“Access to finance is critical for democratisation of educations and skills. Partnerships with NBFCs like Avanse help NSDC move one step closer towards its core purpose ‘Skills4All, Anytime, Anywhere’ as it helps achieve financial inclusion of those sections of our society who otherwise cannot imagine acquiring skills for new-age employment/ entrepreneurship opportunities in India or overseas.”

Also Read: Top 3 best practices for industry-integrated technical education and training https://nationalskillsnetwork.in/top-3-best-practices-for-industry-integrated-technical-education-and-training/

Avanse Financial Services has fulfilled the educational dreams of about 2.5 lakh academic aspirants across 3000 plus institutes and 22000 plus courses in almost 50 countries. The firm has also provided growth and working capital to close to 1,000 educational institutes.