The government launched Project ODISERV in Sambalpur, Odisha, aimed at preparing young graduates for employment opportunities in the financial services sector.
About Project ODISERV:
- The Project ODISERV was launched to empower youth and make them more employable.
- It bridges the gap between education and skilling in line with NEP 2020.
- It sas already trained 1100 students in Odisha with some receiving job offers.
- It features a 100-hour training program focusing on skills for the banking, finance, and insurance industries.
- It was developed through a partnership between the National Skill Development Corporation (NSDC) and Bajaj Finserv Ltd.
- It envisages the launch of the CPBFI program in 60 colleges across Odisha.
- It aims to scale up to 22 states and over 400 colleges in India.
- It incorporates latest industry trends and technological advancements in its curriculum.
- It promotes collaboration with financial stakeholders to provide practical training and internships.
About National Skill Development Corporation (NSDC):
- NSDC is a not-for-profit public limited company designed to enable a support system focusing on quality assurance, information systems, and training the trainer academies, either directly or through partnerships.
- It is aimed at fostering private sector engagement in skill development through funding and support.
- The corporation’s differentiated focus covers 21 specific sectors to ensure each becomes attractive for private investment.
- It also develops appropriate models to enhance, support, and coordinate private sector initiatives in skill training.
- It works under the Ministry of Skill Development & Entrepreneurship (MSDE) to contribute towards the Skill India Mission.
- The Government of India through the Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.
- Its functions not only as a funding agency but also as a market maker and quality assurance in the skill development ecosystem.
- It partners with multiple stakeholders including industry bodies, training institutions, and sector skill councils to improve the quality and reach of vocational training.
Ref:Source
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