National Skill Development Corporation (NSDC) and Bajaj Finserv, All India Council for Technical Education (AICTE) and Bajaj Finserv exchanged two Memorandums of Understanding (MoUs) in the presence of Dharmendra Pradhan, Union Minister for Education and Skill Development and Entrepreneurship; Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship; Prof Rajive Kumar, Member Secretary, AICTE; Ved Mani Tiwari, CEO, NSDC and MD, NSDC International and Sanjiv Bajaj, Chairman and MD of Bajaj Finserv.
The signing ceremony was also attended by Kurush Irani, President Group – Corporate Social Responsibility (CSR) and Pallavi Gandhalikar, National Head – CSR of Bajaj Finserv.
AICTE (under the aegis of the Ministry of Higher Education) and National Skill Development Corporation (NSDC), the country’s primary architects of the skill ecosystem, recently announced partnerships with Bajaj Finserv, one of India’s leading and most diverse financial services groups, to prepare young graduates for employment opportunities in the financial services sector.
Speaking on the occasion, Dharmendra Pradhan expressed his happiness to witness the signing of MoUs of NSDC and AICTE with Bajaj Finserv to prepare young graduates for employment opportunities in the financial services sector and the launch of a Certificate Programme in Banking, Finance, and Insurance.
Dharmendra Pradhan said:
The partnerships forged will build competencies at scale in the financial sector and empower our youth to participate in the transformation happening in the economic and digital space, the minister added. The Prime Minister’s vision of Viksit Bharat, the Voice of Youth programme launched yesterday, elicits the ideas of youth for a developed India, skill development, and the role of the financial sector in making a developed India.
Bajaj Finserv claims that the partnership will advance skilling initiatives to develop the capabilities of 20,000 candidates through its Certificate Programme in Banking, Finance, and Insurance (CPBFI), a 100-hour programme designed in collaboration with industry experts, training partners, educational institutions, and psychological health institutes.
T.G. Sitharam, Chairman of AICTE, stated:
It will strengthen AICTE’s vision to bridge a gap between Industry and Academia by rolling out immense education opportunities, internships and job training for finance, banking and insurance students.
CPBFI claims it serves over 350 colleges in 23 states, 100 districts, and over 160 towns. It aims to develop skills, knowledge, and attitudes among graduates and MBA aspirants, particularly in tier 2 and 3 cities, to enable them to seek employment and make sound decisions about their long-term careers in the financial services sector.
The All India Council for Technical Education was set up in November 1945 as a national-level Apex Advisory Body to survey the facilities available for technical education and promote coordinated and integrated development in the country. The institution is in charge of planning, developing, and implementing norms and standards, ensuring quality assurance through accreditation, monitoring, and evaluation, ensuring certification and award parity, and ensuring coordinated and integrated development and management of technical education in the country.