NSDC collaborates with Auxilo Finserve to support funding for skilling

Financial assistance is being provided by National Skill Development Corporation (NSDC) to students who aspire to enrol in skilling and vocational courses by collaborating with Auxilo Finserve Pvt. Ltd., Under this partnership, the two organisations have planned to create a portfolio of around INR 1,000 crore over the course of the next three years.

This collaboration will also fulfill the objective of the Skill India Mission and Auxilo’s pro-education student loan solutions will enable aspiring learners to enroll in reskilling and upskilling programs offered across NSDC’s network of training partners (TPs) in the country. It will enable Skill Loans supported by participating lending institutions and plans to increase the penetration of financial assistance to deserving students for Technical and Vocational Education and Training (TVET).

Students seeking financial assistance for skilling and vocational courses can contact their nearest NSDC-approved training centres to know about the available financing options. Under the partnership, the number of training will increase in due course of time to cater to a larger number of deserving students.

Under the initiative, loans will be offered to students at attractive rates, thus, supporting them to take certificate/ diploma/ degree and other courses to enhance their employability. Auxilo, in partnership with NSDC, will facilitate students to enroll in desired courses.

Ved Mani Tiwari, Chief Operating Officer (COO) and Officiating CEO, NSDC 

“It is our constant endeavor to make skilling and vocational education available for all. At NSDC, we do understand the challenges faced by the skill seekers to acquire funding through formal and recognized channels. With our partnership with Auxilo, I believe that we will be able to address the fundamental challenge of adequate and accessible financial assistance. This collaboration holds huge growth potential for both the organizations with simplified funding access to deserving students till the last mile.”

Also read: MSDE, NSDC and NTTF launch the Training of Trainers (ToT) program

Neeraj Saxena, MD and CEO, Auxilo Finserve

”Through this strategic collaboration, we aim to create a valuable ecosystem to support students enrolled with NSDC’s training partners with hassle-free and seamless financing. We have designed specialized financial products for skilling and vocational courses and are all set to help Indian students and educational institutions get ready for the professional world.”