Avanse Financial Services, India’s education-focussed NBFC, partnered with the National Skill Development Corporation (NSDC) to provide financing solutions for the youth of the country interested in fulfilling their skilling requirements. This collaboration is a 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 customised financing solutions.

Skill-based education or vocational training is extremely crucial as employers expect potential employees to have practical skills and the required expertise along with academic degrees. Technical and Vocational Education & Training (TVET) enables people to acquire the necessary skills, which makes them job-ready and thus, positively impacts the economy in the long-run. This partnership will assist Avanse Financial Services in creating an empowered workforce in India with the help of the institutions affiliated with NSDC through a result-oriented framework that corresponds with the need of the industry.

“Skill development is extremely crucial, as it can contribute to structural transformation and economic growth by enhancing employability and labour productivity,” Amit Gainda, MD & CEO, Avanse Financial Services said.