In a significant step toward bridging the skill gap in India’s banking, financial services, and insurance (BFSI) sector, the National Skill Development Corporation (NSDC) has partnered with PayPal to launch a specialized training program. The initiative, with a strong emphasis on empowering women from low-income backgrounds, aims to equip young professionals with industry-relevant skills.

The program aligns with the National Skills Qualification Framework (NSQF) and offers comprehensive training in financial services, customer support, sales, data analysis, and accounting. Participants will undergo 420 to 480 hours of training to meet industry standards, ensuring their readiness for BFSI roles.

The initiative is being rolled out across key cities, including Chennai, Patna, Hyderabad, Surat, Indore, Bengaluru, Mumbai, and Ranchi, where training sessions have already commenced.

The formal agreement was signed by NSDC Vice President Dr. Rishikesh Patankar and PayPal’s Global Chief Technology Officer Srini Venkatesan, in the presence of senior representatives from both organizations. NSDC aims to facilitate job placements for at least 70% of the trained candidates through job fairs and interview drives.

Highlighting the initiative’s significance, Chandramouliswaran, Vice President of PayPal India Global Technology Centre, stated that the program is aligned with the government’s Skill India mission and will contribute to strengthening India’s financial workforce.

As a key player in India’s skill development ecosystem, NSDC, under the Ministry of Skill Development and Entrepreneurship (MSDE), continues to drive vocational training initiatives by providing funding and strategic partnerships. This collaboration with PayPal reinforces its broader efforts to enhance employability and career opportunities in the financial sector.