National Skill Development Corporation (NSDC) and Masai School have 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.
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, according to a press statement. This will enable aspirants to go beyond their economic and educational background by creating 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, added the statement.
Ved Mani Tiwari, COO & 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."
With an outcome-driven approach that incentivises learning with jobs post completion of the course, Masai’s Income Share Agreement has proven to be a successful model. Under this model, 96% of its students are being placed with an average salary of INR 8 lakhs per annum in top Indian startups including Ola, Meesho, Ajio and Swiggy and with multinational IT service companies such as Capgemini & GlobalLogic among others. Masai does not charge any upfront fees. Students only pay for their learning when they get a job that pays them INR 5 lakhs per annum or more, else they pay no tuition fee. With no prior technical knowledge needed to join the course, 65% 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% of its students hailing from disadvantaged sections of society. This partnership will enable NSDC to expand its outreach to the grassroots level.
Commenting on the partnership, Prateek Shukla, Co-founder & CEO of 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. This partnership will also lend credibility to the talent coming out of Masai, opening new doors of opportunities for our students that still accord a 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 INR 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.
National Skill Development Corporation (NSDC), a nodal skill development agency working under the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, is a unique Public Private Partnership (PPP) that aims to catalyse the creation of a large and quality vocational training ecosystem in India. Since its inception in 2010, NSDC has trained over 3 crore people through its collaboration with 600+ training partners and over 10,000 training centres spread across 600+ districts in the country. NSDC has established 37 Sector Skill Councils (SSCs) and implements the Government’s flagship skill development schemes such as Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Apprenticeship Promotion Scheme (NAPS), among others. NSDC also funds enterprises, companies, and organisations that provide skill training. The organisation enables private-sector capacity building in skill development by offering concessional loans, other innovative financial products, and strategic partnerships.
Masai School is a 21st-century career-focused skill-building school that offers a variety of learning tracks such as Full-Stack Web Development, Android Development, UI & UX Design, Data Analytics, and Product Management to name a few. While the mode of education is primarily online, Masai School’s offline campuses are now open in Bengaluru, Patna, Pune, and Indore. Masai School’s hiring partners include Ola, Swiggy, Meesho, Dream11, NoBroker, Urban Company, Instamojo & Sharechat, among others. The company follows the Income Sharing Agreement (ISA) model, which allows students to Study Now and Pay Later. If students don’t get placed at 5 lakhs per annum or more, Masai charges no tuition fee.