New Delhi: A new skill development program, a collaboration between the National Skill Development Corporation (NSDC) and PayPal, aims to equip young individuals, with a particular focus on women from low-income backgrounds, for roles within India’s banking, financial services and insurance (BFSI) sectors.
Skill Training for Job Readiness
The collaboration aims to equip candidates with industry-relevant skills and enhance their employability. Training will be aligned with the National Skills Qualification Framework (NSQF) and will cover areas such as financial services, customer support, sales, data analysis and accounting.
It should be noted that candidates will undergo 420 to 480 hours of training to meet industry standards.
The initiative will be rolled out in multiple cities, including Chennai, Patna, Hyderabad, Surat, Indore, Bengaluru, Mumbai and Ranchi. As of 11 March 2025, training sessions have already begun in these districts.
Industry Collaboration to Support Employment
NSDC Vice President Dr Rishikesh Patankar and PayPal’s Global Chief Technology Officer Srini Venkatesan formalized the agreement in the presence of senior representatives from both organizations.
NSDC plans to assist at least 70 per cent of the trained candidates in securing job opportunities through job fairs and interview placements.
Chandramouliswaran, Vice President of PayPal India Global Technology Centre, highlighted that the initiative aligns with the government’s Skill India mission and is aimed at bridging the skill gap in the BFSI sector.
NSDC’s Role in Vocational Training
As a public-private partnership under the Ministry of Skill Development and Entrepreneurship (MSME), NSDC plays a key role in promoting vocational training. It provides funding support and strategic partnerships to organizations working on skill-building initiatives.
This partnership with PayPal is part of NSDC’s broader efforts to strengthen the workforce and enhance career opportunities in India’s financial sector.
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