All India Council of Technical Education (AICTE), National Skill Development Corporation (NSDC) & Bajaj Finserv join hands to launch certificate programme in BFSI (Banking, Finance and Insurance) to prepare young graduates for employment opportunities in the financial service sector.
Speaking on the occasion Dharmendra Pradhan, Minister of Education expressed his happiness and 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 financial and digital space. The Prime Minister’s vision of Viksit Bharat, the Voice of Youth program launched yesterday elicits the ideas of youth for a developed India, the role of skill development, and the financial sector in the making of a developed India.”
Additionally, Pradhan emphasized that our youth will play a key role in making of a Viksit Bharat driven by knowledge, competencies, skills, and the right attitude. He said that we are building a super highway of knowledge and competencies and India can become the hub for global financial services market.
Prof. T.G. Sitharam, Chairman, AICTE expressed on the signing of MoU with Bajaj Finserv and said, “It will further usher to new collaboration in education and industry-academia linkages. It will strengthen AICTE ‘s vision to bridge a gap between Industry and Academia, by rolling out immense opportunities for education, internships and job trainings for students in finance, banking and insurance sector.”
Ved Mani Tiwari, CEO, NSDC and MD, NSDC International said, “India’s financial sector has seen significant growth and development in recent years. At NSDC, our dedication lies in empowering youth by offering diverse opportunities through skill development initiatives, and partnering with Bajaj Finserv marks a strategic move towards aligning our skilling endeavours with the industry’s changing in the financial sector.”
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv Ltd., said. “The partnership with NSDC and the Ministry of Education will help us make a difference to young people by providing them with greater access to skilling which opens infinite possibilities of success. It will also build economic resilience and an inclusive workforce for the future, in line with the theme of Kaushal Bharat, Kushal Bharat.”
As part of the partnership, Bajaj Finserv will advance skill-building initiatives to enhance the competencies of 20,000 candidates via its 100-hour Certificate Program in Banking, Finance & Insurance (CPBFI), which was created in conjunction with training partners, industry experts, academic institutions, and psychological health centers. Currently, CPBFI operates in more than 160 towns, 100 districts, and 350 colleges spread across 23 states. Its goal is to develop the abilities, mindset, and knowledge of recent graduates and MBA hopefuls, particularly in Tier 2 and Tier 3 cities. This will empower them to pursue employment opportunities and make wise choices regarding their long-term careers in the financial services industry.
The goal of both collaborations is to develop dynamic curricula that incorporate the most recent developments in technology, industry trends, and best practices while also adapting to the constantly changing environment of banking, insurance, and finance. The collaboration with NSDC will be strengthened on Skill India Digital (SID), the all-inclusive information portal for all government-led initiatives related to entrepreneurship and skill development. This will guarantee that students are not only academically prepared but also flourish in the real-world applications of these fields.
In order to provide the students with priceless opportunities, strategic industry partnerships will also be formed with reputable banks, financial institutions, and insurance companies. Through these collaborations, opportunities for internships, on-the-job training, and a firsthand look at actual industry practices are made available. This will allow for an effortless transition into professional roles by bridging the knowledge gap between what is taught in the classroom and what is required by the industry.
