NSDC (National Skill Development Corporation) has joined hands with leading private and public sector banks for the effective implementation of skill training programs in India. One such agreement was signed with State Bank of India (SBI) in 2019.

The NSDC-SBI agreement was aimed at providing access to skill training programs and facilitating credit support to the youth and entrepreneurs. The collaboration aimed to promote financial inclusion and empower individuals with the necessary skills and financial support to become self-reliant.

Under the agreement, NSDC would identify, impart, and certify skill training programs while SBI would provide credit support to the trained individuals to set up their businesses. The focus was on creating skill development and employment opportunities in sectors such as agriculture, healthcare, and tourism.

The collaboration aims to provide a platform for individuals from economically weaker sections and underserved areas to upskill themselves and achieve financial independence. The partnership leverages the expertise of both NSDC and SBI to create a holistic ecosystem for promoting entrepreneurship and job creation.

The NSDC-SBI agreement follows the government`s mandate to promote skilling and entrepreneurship in the country. This collaboration is in line with the government`s vision of creating a skilled workforce and promoting economic growth.

In conclusion, the NSDC-SBI agreement is a path-breaking collaboration that aims to promote financial inclusion and skill development in the country. The partnership between NSDC and SBI offers a unique opportunity for individuals to upskill themselves and become self-reliant. This collaboration has the potential to transform the lives of millions of people in the country and promote inclusive growth.