IIJT receives a loan of Rs 62 crore from NSDC

BANGALORE: Indian Institute of Job Training ( IIJT) has received a loan of Rs 62 crore from National Skill Development Corporation ( NSDC). The money will be used to build 1349 multi-skill development centres where candidates would be trained, certified and employed in sectors like IT, retail, finance amongst others.

“The high school dropout rate still stands at 56%, making it mandatory for the vocational training sector to strengthen its outreach and provide the right skills to the youth,” Ashok Reddy, MD of IIJT said. IIJT is a subsidiary of staffing firm Team Lease and NSDC is a public-private partnership company set up with support from Ministry of Finance.

“The aim of the tie-up is to skill 1.8 million unemployed school dropouts and college graduates in the next ten years across cities”, said a press statement. The institute’s training centres will be rolled out even in non-metros and will be part of the Government’s target to train 500 million people by 2022 to meet skills shortage.