National Skill Development Corporation (NSDC) and Masai School collaborate with an aim to skill India’s youth for tech jobs through an outcome-driven skilling model. This collaboration will benefit the lives of over 1.5 lakh students and their families in tier two and three cities over a period of seven years to enable aspirants to go beyond their economic and educational background.
The partnership creates a level-playing field for private-sector tech jobs through skill-based learning certified by NSDC. 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.
The partnership agreement was signed by Ved Mani Tiwari, Chief Operating Officer and Officiating CEO, NSDC and Prateek Shukla, Co-Founder and CEO, Masai School.
Ved Mani Tiwari, COO and Officiating CEO, NSDC
“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 democratize aspirational employment opportunities for India’s youth.”
Income Share Agreement
Masai’s Income Share Agreement has proven to be a successful model that incentivises learning with jobs after completion of the course. Under this model, 96% of its students are being placed with an average salary of INR eight Lakhs Per Annum (LPA) in top Indian start-ups including Ola, Meesho, Ajio and Swiggy and with multinational IT service companies such as Capgemini and GlobalLogic among others.
Masai does not charge any upfront fees. Students only need to pay for their learning when they get a job with pay of INR 5 LPA or more, else they pay no tuition fee. Two years into its operations, Masai has pulled over 100 families out of poverty with 70% of their students hailing from disadvantaged sections of the society. This partnership will enable NSDC to expand its outreach to the grassroot level.
Prateek Shukla, Co-founder and CEO, Masai
“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. This partnership will also lend credibility to the talent coming out of Masai, opening new doors of opportunities for our students that still accord higher value to degrees than skills.”
Also read: IIE collaborates with MoRD promote entrepreneurship among rural youth https://www.nationalskillsnetwork.in/iie-collaborates-with-mord-promote-entrepreneurship/
Creating a sustainable skill development
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.
The two organisations are planning to host one of India’s biggest digital tech learning conferences to focus on democratising success in tech careers. Masai will also roll out scholarships worth INR 10 crore which will impact 250 aspirants.