Career Point has received first installment of Rs 4.2 crore loan from National Skill Development Corporation (NSDC) in its wholly owned subsidiary Career Point Institute of Skill Development. The Rs 4.20 crore loan is for executing the project that covers training under key industrial as well as service sectors. The project cost is Rs 16.8 crore, wherein NSDC would provide a financial loan of Rs 12.6 crore in tranches over the initial two years at subsidized interest rate to Career Point.
NSDC is an institution promoted by the Government of India to catalyze training and skill development of the manpower. The partnership of NSDC and Career Point under this project is aimed to skill 4.5 lakh youth in 36 diverse trades of multiple sectors across different geographies of the nation over a 10-year period. The courses run under this program would be about 3-4 months of duration covering classroom training, practical and On-the-Job training.
Career Point caters to the needs of a student throughout the life cycle of a student (KG. to PhD.) while operating in both the Formal and Informal education streams. In the informal Education system, Career Point has established a strong niche in test preparation and school curriculum tutoring.
