Avanse Financial Services partners with National Skill Development Corporation to provide financial solutions

Avanse Financial Services, an Indian NBFC focused on technologically advanced education, has partnered with the National Skill Development Corporation (NSDC) to provide easy, fast and affordable financing solutions to young people across the country who want to meet their education needs. skills. This collaboration is a progressive step towards meeting the growing need for skilled labor in the country in various sectors by helping candidates acquire the required skills with the help of personalized financing solutions.

Education or skills-based vocational training is extremely crucial as employers expect potential employees to have practical skills and required expertise as well as university degrees. Technical and Vocational Education and Training (TVET) equips people with the necessary skills, which prepares them for employment and therefore has a positive impact on the economy in the long run. This unique partnership will help Avanse Financial Services create an empowered workforce in India with the help of NSDC affiliated institutions through a results-based framework that matches industry needs.

At the start of this collaboration, Amit Gainda, MD and CEO of Avanse Financial Services said, “Skills development is extremely crucial as it can contribute to structural transformation and economic growth by improving employability and productivity. work. India is one of the youngest countries in the world, with over 62% of the working age population and over 54% of the total population below the age of 25. This creates a large pool of human resources with great untapped development potential.

He added, “We are delighted to partner with NSDC as it will give us an impeccable opportunity to further our goal of democratizing education and education finance in India. This will enable us to contribute to the development of a “Skilled India”, a nation with a youthful population ready for the future and ready to reach the zenith of success. We believe that this partnership will allow us to amplify our reach and thus fulfill our mission of making education financing transparent, affordable and accessible for every deserving Indian student.

Ved Mani Tiwari, Chief Operating Officer and Managing Director of Arbitration, NSDC said: “Access to finance is critical for the democratization of education and skills. Partnerships with NBFCs like Avanse Financial Services help NSDC move closer to its primary goal, “Skills4All, Anytime, Anywhere”, as it contributes to the financial inclusion of segments of our society that otherwise cannot imagine acquiring skills for a new job. / entrepreneurship opportunities in India or abroad.

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