(MENAFN- KNN India) Muthoot Fincorp partners with NSDC to train 10,000 youths under PMKVY
New Delhi, June 18 (KNN) In a bid to equip youths with job ready skills, Muthoot Fincorp Limited has partnered with National Skill Development Corporation (NSDC) and have become the first major private sector player to launch the Pradhan Mantri Kaushal Vikas Yojana (PMKVY.2) program.
Under the scheme, Muthoot Fincorp targets to train over 10,000 people over the next 3 years and make them job ready. For this, NSDC has approved a target of 3,000 candidates in the first year and 3,500 each in the subsequent two years.
Talking about the selection criteria of this program, Chief Human Resource Officer of Muthoot Fincorp Tojo Jose said 'we have created a rigorous selection process to ensure we select the right candidates with the required competencies.
He said that our skilling model is designed for 290 hour curriculum and we will be operating on a captive employment model.
Further, he added that we have a tentative plan for the launch of the program and inauguration of the first centre will likely to take place in early July 2018 at Bengaluru.
To support this partnership and its mission, the Muthoot Pappachan Group will also absorb 80 per cent of the trained students (8,000) into the Group for regular positions (Job Roles), after successful completion of training and assessment of the candidates.
This program will make the candidates market ready and impart job-ready skills to access steady income opportunity in the NBFC space in India.
To be a part of this program, candidates can apply to the Training Service Providers (TSPs) directly who will be advertising the requirements locally in the districts assigned to them.
The minimum criterion for candidates to apply is graduation in any subject, preferably B.com, with minimum 55 per cent marks.
With an objective to enable a large number of Indian youth to take up industry- relevant skill training that will help them in securing a better livelihood, this PMKVY a flagship scheme of Ministry of Skill Development & Entrepreneurship has been launched.
Highlighting the future prospects of the BFSI sector, Muthoot Fincorp said that the BFSI sector is likely to become the fifth largest in the world by the year 2020 and third largest by the year 2025.
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