NSDC gives Rs 62 crore to IIJT to train youth

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The National Skill Development Corporation (NSDC) has given Rs. 62 crore soft loan to the Indian Institute of Job Training (IIJT)to set up 1349 multi-skill development centers across the country. The aim of the tie-up is to skill 1.8 million unemployed school dropouts and college graduates in the next ten years across cities.

Commenting on the tie-up, Dilip Chenoy, Managing Director and Chief Executive Officer,¬†NSDC said, “We are pleased to partner with IIJT to achieve our target of training 150 million youth by 2022. This partnership will definitely be a boon to the vocational training sector, given IIJT’s extensive network of 250 centres in close to 100 cities.”

IIJT will set up 209 centers in Tier I, 312 in TIER II, 311 in TIER III, 222 in TIER IV and 295 in TIER V cities. This is part of the Government’s overall target to train 500 million people by 2022 to meet the global skills shortage.

According to Mr. Ashok Reddy, Managing Director& Co-founder, IIJT¬†“The high school dropout rate still stands at 56 percent, making it mandatory for the vocational training sector to strengthen its outreach and provide the right skills to the youth.”

Ms. Neeti Sharma, Vice President – IIJT, further, added, “The target beneficiaries for the training, re-skilling and up-skilling will be identified from TIER I to TIER V locations, they would be provided vocational skills and employment basis the job seeker’s and industry requirements”

IIJT follows the 4C methodology for providing training into four domains namely – IT, Finance, Retail and Job Skills. The 4C methodology includes an industry relevant curriculum developed with regular inputs from TeamLease National Employment Framework (TNEF) with experience across 1200 clients.