CNN Central News & Network-ITDC India Epress/ITDC News Mumbai: The National Skill Development Corporation has made its debut on the National Stock Exchange's Social Stock Exchange, with NABARD subscribing Rs 4 crore to its first Zero Coupon Zero Principal issue. The initiative will prepare 600 young people from economically weaker Other Backward Classes households in Madhya Pradesh for overseas employment, the Skill Development Ministry said on October 22.
The Rs 11.25 crore programme combines beneficiary contributions, social-exchange funding and outcome-linked state support. Beneficiaries will meet 15 per cent of the cost, the exchange route will support 35 per cent, and the Madhya Pradesh government will provide the remaining 50 per cent after successful international placements.
NSDC International will deliver residential language and employability training for 300 candidates seeking opportunities in Japan and 300 targeting Germany. The programme covers sectors including caregiving, hospitality, construction and manufacturing.
Minister Jayant Chaudhary attended the bell-ringing ceremony in Mumbai. The state government will also support candidate mobilisation, residential training infrastructure and language laboratories.
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