To improve the employability of the youth in Maharashtra, TeamLease EdTech, the Department of Higher and Technical Education (DHTE), the Government of Maharashtra, and the National Skill Development Corporation (NSDC) announced a partnership.
This alliance aims to harness the potential of work-linked learning programs across universities in Maharashtra, directly contributing to the state’s ambitious target of achieving a $1 trillion economy in the next five years until 2028, which demands a formidable annual growth rate of 17.13 per cent CAGR, according to a company statement.
This model empowers students to make informed decisions regarding their educational paths while gaining invaluable practical work experience, as per the company statement. The initiative was recently endorsed by the Ministry of Education during a ceremony in Delhi. The work-integrated programs would also be listed on NSDC's Skill India digital hub portal for a wider reach.
Shantanu Rooj, founder and CEO of TeamLease EdTech, said, "By integrating work experience with academic learning, we aim to equip the youth of Maharashtra with the skills required by today’s job market, thereby shaping the workforce of tomorrow."
"Participants in the Work-Integrated Degree Programs will receive on-the-job internships or apprenticeships, granting them substantial skills and work experience upon graduation. Moreover, each student will benefit from a monthly stipend to support their education and living expenses, truly realizing the ‘Earn while you Learn’ concept," highlighted Sanjeeva Singh, Executive Vice President, Impact Finance & Partnership Management, NSDC.
Chandrakant Dada Patil, honorable minister of higher and technical education for the state of Maharashtra, said, "This partnership is important for Maharashtra's educational strategy, aiming directly at enhancing the employability of our youth. It promises to equip students across Maharashtra with not just degrees, but degrees with a difference—those enriched with real-world skills and experiences."
