The strategic partnership aims to train more than 1.5 lakh students for jobs as per the demand of technology.
The National Skill Development Corporation (NSDC) and Masai School today announced a strategic partnership to empower India’s youth for technical jobs through a results-driven skills model. The partnership agreement was signed by Veda Mani Tiwari, Chief Operating Officer and Office CEO, NSDC and Pratik Shukla, co-founder and CEO, Masai School.
Encouraging the Skill India Mission, the collaboration will benefit the lives of more than 1.5 lakh students and their families in Tier 2 and 3 cities over a period of seven years. This will enable candidates to go beyond their economic and educational background by creating an equal-playing field for private-sector technical jobs through skills-based education certified by NSDC. The two companies will also work to create alternatives to the banking loan system for skills-based education, which usually serves as a push for low-income families.
With an results-driven approach that encourages learning with the job after completing the course, Masai’s income sharing agreement has proven to be a successful model. Under this model, 96 per cent of its students are being placed in top Indian start-ups including Ola, Meesho, Ajio and Swiggy and in multinational IT services companies like Capgemini & with an average salary of Rs 8 lakh per annum (LPA). GlobalLogic among others. Masai does not charge any advance fee. Students only pay for their tuition when they get a job that pays them 5 bucks or more, otherwise they pay no tuition fees. No previous technical knowledge is required to join the course, 65% of the 5000+ students currently studying in Masai are not from computer science educational background. In two years, Masai has lifted more than 100 families out of poverty, 70 percent of whom come from disadvantaged sections of student society. This partnership will enable NSDC to expand its reach to the grassroots
The two organizations want to host one of the largest digital tech learning conferences in India, where aspiring technologists can participate, focusing on democratization of success in technology careers. Masai will also launch a Rs 10 crore scholarship, the first phase of which will affect 250 candidates. In the long run, both organizations seek to create a framework for sustainable skills development that will transform the higher education landscape for young people.