Bfsi sector skill council of india secondary level education means

The Prime Minister’s Office has issued a mandate that by the year 2022, India should have 500 million skilled employees across various sectors. The Ministry of Finance has been charged with overseeing this mandate and has established the National Skill Development Corporation (NSDC) for this purpose. NSDC has been working with leading organizations and associations from several sectors on setting up Sector Skill Councils to address the need for skill development.

The BFSI Sector Skill Council of India is set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council will also accredit well-equipped service providers who will partner to disseminate the training.

The skill council is seen by its stakeholders and partners as a nation-building activity with far reaching implications for social development and empowerment through financial inclusion. income and education level Great care is being taken to appropriately address the needs of the various industry verticals as well as the geographical regions of the country.

NSDC has been in close contact with the BFSI Sector Skill Council as we partner to address skill development needs in a large, highly segmented industry which is characterized by accelerated growth. The progress of the BFSI industry has significant impact on the progress of our nation and the issue of skill development is one that the industry holds as being of great importance.

The BSE Institute Ltd. is a wholly owned subsidiary of BSE Limited and has been a pioneer in the field of Financial Education for the last twenty three years. The BSE Institute Ltd. has taken the lead in setting up the BFSI Sector Skill Council of India with the active support of the Confederation of Indian Industry (CII).

The Indian economy has quite evidently been on a relatively high growth trajectory. It has experienced an average growth rate of over 9% annually for the last three years. There is no question that this surge has favorably impacted the Banking, Financial Services and Insurance (BFSI) sector.

BFSI companies are now able to expand by introducing new products, leveraging technology, deploying innovative strategies and ramping up distribution networks. Greater levels of consumer awareness about various investment options have enlarged the potential of this sector for catering to the various strata of society. Deregulation has induced the banking sector in particular to explore new business avenues. A strong regulatory and compliance framework in creating an investment friendly environment is showing positive signs for the sector too (Source: Dun and Bradstreet).

The projected manpower requirement of the BFSI labor force by 2022 is 8.5 million – which is an increase of about 4 – 4.5 million from where we stand today. Many leaders in the industry agree that skill development is an issue that needs attention as we seek to grow as an industry and forge ahead as critical part of the Indian economy. what is my highest level of education We are confident that with the support of the industry and other service providers, we can collaborate successfully for this nation-building endeavor and create significant progress in the area of skill development.

The National Stock Exchange (NSE) is India’s leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures.

NSE has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. The market today uses state-of-art information technology to provide an efficient and transparent trading, clearing and settlement mechanism, and has witnessed several innovations in products & services viz. demutualisation of stock exchange governance, screen based trading, compression of settlement cycles, dematerialisation and electronic transfer of securities, securities lending and borrowing, professionalisation of trading members, fine-tuned risk management systems, emergence of clearing corporations to assume counterparty risks, market of debt and derivative instruments and intensive use of information technology. what is your highest level of education NSE also offers a number of educational and skill building courses from school to higher end corporate programs for equipping the markets with skilled professionals.

• Awareness building & mobilization activities would be carried out with the involvement of local State and district governments as well as involve Members of Parliament in the activities to ensure greater outreach and ownership. A camp-based approach by organizing Kaushal Melas to disseminate information about various skill training options, outline possible career paths and income generation potential once the training is imparted would be held in every district. Efforts will be made to ensure that the coverage of the scheme is across all the 543 constituencies in India. Skill Yatras through bus journeys will be explored to take awareness to the hinterlands and include live demonstration of skills in the buses. Non-governmental and community-based organizations would be involved in this activity to ensure widest possible reach and create an environment for skilling in the country. This would be supplemented with specialised and standardized branding and communication packages through mass media and social media. Periodic surprise checks and audits of the mobilisation phase would be conducted to ensure its continued efficacy.

Demographic dividend, Development indicators and Market potential have placed India in a formidable position in the 21st century’s financial landscape. diploma of higher education level By the year 2020, the country is poised to become a major human resource hub of the World even ahead of many developed nations of the present. A huge responsibility rests with the State Governments towards making the country future ready and a great deal of this depends upon concerted efforts in raising the quality and standards of the human resources. The Government of India, realizing this has created a road map for Human Resources Development at all levels including Education, Research, Industry and Trade.

The Kerala State, by realizing this responsibility, has embarked upon an ambitious project named State Skill Development Project to equip its young population with skills in cutting edge sectors in order to effectively alleviate the unemployment problem in the state. The project combines both preventive (Additional Skill Acquisition Programme – ASAP) and curative approaches (Additional Skill Enhancement Programme). On the preventive side, the General and Higher Education Departments together will implement the Additional Skill Acquisition Programme (ASAP) to amplify working hands in different sectors of the economy, by providing additional skill sets to students along with their regular courses. what is secondary level education in india In the curative part, Additional Skill Enhancement Programme (ASEP), under the leadership of Labour and Local Self Government Departments, is envisaged to encompass skill development and grooming initiatives for unemployed persons registered in the Employment Exchanges across the State.

Kerala, traditionally known for its high quality man power spread all over the World and with a high density of science and technology personnel, have always set a model for the nation in developmental issues. The realization of the fact that its unemployed population kept swelling despite having a rich talent pool, made it think and devise ways to counter the trend. It is in this context that the Additional Skills Acquisition Programme (ASAP) has been developed to impart sector specific skills to create a labour market ready work force.

The students studying at Government and Government Aided Higher Secondary Schools and at the Arts and Science Undergraduate Colleges will be equipped with sector specific skills to make them employable. ASAP envisages development of skill programmes in three levels, that is, from certificate programmes to dual degree programmes. The programmes shall also be dovetailed to National Vocational Education Qualifications Framework (NVEQF). The starting point will be at level three or four of NVEQF.

The ASAP level 1 programme, which commenced during November 2012, is a combination of three courses, namely, Communication Skills in English, Basic IT and an Elective Domain Specific Skill Course. The Programmes are developed, delivered, assessed and certified with the active participation of the related industries to ensure labour market acceptance of the programmes. By imparting Communication Skills in English and Basic IT courses to a large student community, the project envisages to create a large talent pool that can work in modern day organizations that promote a global work environment. By choice student groups receive sector specific skills that further enable them to be employable and industry ready.