The Importance to Get a Loan for Skill Development

On the first-ever World Youth Skills Day, India’s prime minister Shri Narendra Modi launched Skill India, which was a joint initiative by the government and Nbfc Companies in Mumbai that aimed to make the youth of our country more skillful and that too at a faster pace with the utmost quality. They wish to make this long wished dream a reality and change the face of our country.

If all of this can be done by providing a student education loan for skill development, then that is the price we should be ready to pay. This is the investment that we need to make today, to get a better future. All of this is done for the betterment of our citizens so that our country flourishes and emerges to be one of the superpowers.

But, just talking won’t solve the problem, we need to make a move and to make us understand the severity of the problem, let us look at some statistics. It is assumed that from now till 2025, 250 million young people are likely to enter India’s workforce, but only 5% of them have received the actual vocational training through a formal education system, and have managed to develop the required skills.

When you compare this data to other counties, you would be shocked. So, the total workforce that has undergone the required training in the UK it is 68%, 80% in Japan, 52% in the USA and 75% in Germany. Through this, we can get an idea of how far behind we are lagging from the rest of the counties in the world. But not for long. Initiatives have been taken by Nbfc Mumbai, and it won’t be long before this country emerges out to be a developed nation, but all of this would start from just one small step. So, make sure you as a citizen have done your job in helping this country improve its future.

With the help of these NBFCs it is possible to opt for these vocational courses, as these institutions provide loans at minimal interest for these skill development courses.

For More Details Visit Here : Student Education Loan

Mumbai- Producing the next generation of creative youth

Mumbai always has been the city of stars and glitters. Even though the city is the hometown of Bollywood, the city is also known for creating the largest number of graphic designers, choreographers, hair stylists and many such creative people.

Though the city offers so many courses for every student, the prices of these professional courses are also high. A student who does not have a good financial background needs an Education Loan in Mumbai in order to pursue these courses. Many Education Loan Providers in Mumbai offer loans at very low interest rates to the students. There are even many nbfc (non-beneficial finance company) who are there to help the students in the education path.

Getting a Student Loan in Mumbai for professional or upskilling courses can be a bit difficult as banks don’t consider professional courses to qualify for education loans. For this reason many NBFCs, step forward to help students to fund these unconventional courses. Some organisations have specific criteria for the students to apply for a loan like their percentage in exams and other qualifications, but there are also organisations who help the students irrespective of their percentage and financial background with the aim of making the life of the student better.

Mumbai has many institutes offering courses for theatres, fashion designing, book publishing, animation and so much more. These courses can be availed by anyone who has a knack for learning something new and turning their passion into a profession. There are even courses for becoming a DJ, a hair stylist and even yoga instructor. These courses are on the rise and in some cases a career as a beautician pays more than a corporate job. Students should be encouraged to take up this course or where would we find good yoga instructors, beauticians and music directors in the future?