NSDC, Varthana Finance to provide financial assistance to students for skill courses

NEW DELHI: The National Skill Development Corporation (NSDC) on Wednesday said it has partnered with Varthana Finance Private Limited to provide financial assistance to students. The partnership will enable the achievement of the main objective of the skill loans initiative.

It aims to bridge the education financing gap for a low-income population so the youth in India can avail of financial assistance from financial institutions to undertake the desired courses. "We have partnered with Varthana to commit to providing technical and vocational training to millions of underprivileged students who are otherwise turned down," Ved Mani Tiwari, COO and officiating CEO of National Skill Development Corporation (NSDC), said.

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India's skill sector is largely unorganised and unregulated, and underprivileged students bear the brunt of the consequences because they lack access to education facilities. Steve Hardgrave, Co-Founder and CEO of Varthana said: "We hope that the training students receive will help them pursue careers and livelihoods that are both satisfying and allow them to support and care for their families economically."