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NSDC & PayPal Sign MoU to Offer Skill Development Opportunities for Youth in the Fintech Sector.

Banking & Finance | Dated: 26 Mar 2025

The National Skill Development Corporation (NSDC) and PayPal, a California, United States of America (USA)-based financial technology (fintech) company, formalized a Memorandum of Understanding (MoU) as part of PayPal's Corporate Social Responsibility (CSR) program to launch a comprehensive skill development initiative targeting India's Banking, Financial Services, and Insurance (BFSI) sector.

🎯 Key Highlights:

- The MoU focuses on economic empowerment through skill enhancement, soft skills, and Personality Development Training (PDT).
- NSDC will implement the project in multiple districts, including Chennai (Tamil Nadu), Patna (Bihar), Hyderabad (Telangana), Surat (Gujarat), Indore (Madhya Pradesh), Bengaluru (Karnataka), Mumbai (Maharashtra), and Ranchi (Jharkhand).

💡 Other Important Facts:

(i) The MoU was exchanged between Dr. Rishikesh Patankar, Vice President, NSDC, and Srini Venkatesan, Global Chief Technology Officer (CTO), PayPal.
(ii) New Delhi (Delhi)-based NSDC was established on 31 July 2008. It operates as a unique Public-Private Partnership (PPP) model under the Ministry of Skill Development & Entrepreneurship (MSDE).

📚 Test Your Knowledge:

Recently, which fintech company signed an MoU with NSDC to offer skill development opportunities for youth in the BFSI sector?

Correct Answer: PayPal

🚀 Quick Recap:

About National Skill Development Corporation (NSDC)

CEO : Ved Mani Tiwari
Headquarters : New Delhi