National Skill Development Corporation (NSDC) has partnered with India’s new age, technologically advanced and education-focused Non-banking Financial Company Avanse Financial Services Ltd to provide easy, fast and affordable financing solutions to the youth of the country interested in fulfilling their skilling requirements. This collaboration is a progressive step towards catering to the growing need for 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.
Skill-based education or vocational training is essential as employers expect potential employees to have practical skills and the required expertise along with the academic degrees. Technical and Vocational Education & Training enables people to acquire the necessary skills, making 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. Avanse Financial Services has fulfilled the educational dreams of about 2.5 lakh academic aspirants across 3,000+ institutes and 22,000+ courses in nearly 50 countries. It has also provided growth and working capital to close to 1,000 educational institutes catering to approximately 5-6 lakh students.
The MD & CEO of Avanse Financial Services Amit Gainda said, “We believe that this partnership will enable us to amplify our reach and fulfil our mission of making education financing seamless, affordable and accessible for every deserving Indian student.”