National Skill Development Corporation (NSDC) and Masai School today announced a strategic partnership to skill India's youth for tech jobs through an outcome-driven skilling model.
The partnership agreement was signed by Ved Mani Tiwari, Chief Operating Officer and Officiating CEO, NSDC and Prateek Shukla, Co-Founder & CEO, Masai School today, it said in a press statement.
Giving impetus to the Skill India Mission, the collaboration will benefit the lives of over 1.5 lakh students and their families in tier 2 & 3 cities over a period of seven years. This will enable aspirants to go beyond their economic and educational background by creating a level-playing field for private-sector techjobs through skill-based learning certified by NSDC, it added.
The two organisations will also work towards creating alternatives to the banking loan system for skill-based education, which generally acts as a setback for low-income families.
Ved Mani Tiwari, COO and Officiating CEO, NSDC said, ‘’It is NSDC's endeavour to skill youth who do not have any prior education or work experience in future skills. To ramp up our efforts of making future skilling more outcome focused, our partnership with Masai School will create an impactful framework for tech-focused skilling in India. NSDC and Masai will impart skill training to students in IT fields - software development, data analytics and product design, especially. This collaboration has the potential to democratise aspirational employment opportunities for India’s youth.”
Under Masai's Income Share Agreement model, 96 percent of its students are being placed with an average salary of Rs 8 Lakhs Per Annum (LPA) in top Indian startups including Ola, Meesho, Ajio and Swiggy and with multinational IT service companies such as Capgemini & GlobalLogic among others, the statement said.
Masai does not charge any upfront fees. Students only pay for their learning when they get a job that pays them Rs 5 LPA or more, else they pay no tuition fee. With no prior technical knowledge needed to join the course, 65 percent of the 5000+ students currently studying at Masai are from a non-computer science educational background. Two years into its operations, Masai has pulled over 100 families out of poverty with 70 percent of their students hailing from disadvantaged sections of the society. This partnership will enable NSDC to expand its outreach to the grassroot level.
Commenting on the partnership, Prateek Shukla, Co-founder & CEO, Masai said, "We believe that India has an equal distribution of talent but not opportunities. We are honoured to have partnered with NSDC as this association takes us one step closer towards accomplishing our mission of increasing Bharat's employability quotient. This partnership will be a game changer as it aims to bring new ways of delivering skill-based education in India. It will also lend credibility to the talent comingout of Masai, opening new doors of opportunities for our students that still accord higher value to degrees than skills.”
The two organisations intend to host one of India's biggest digital tech learning conferences, to be attended by aspiring techies, focused on democratising success in tech careers. Masai will also roll out scholarships worth Rs 10 crore, the first phase of which will impact 250 aspirants. In the long run, both organisations are looking to create a framework of sustainable skill development that will transform the higher education landscape for the youth.