NSDC collaborates with SahiPay to Promote Digital Financial Literacy and Create Nano-Entrepreneurs

New Delhi, February 24, 2021: With a vision to promote nano-entrepreneurship amongst youth in the financial services sector, National Skill Development Corporation (NSDC) today announced its collaboration with SahiPay – an Android based integrated platform developed by Manipal Business solutions (MBS) to promote digital enablement and financial inclusion in the country. The partnership aims to facilitate skilling of youth in digital financial services and provide them with an opportunity to explore self-employment for sustainable livelihood. Candidates will be provided access to free digital skilling on ‘Online Entrepreneurship Program’ through NSDC’s eSkill India portal, co-curated by experts from the field of financial inclusion and skilling from both the organizations.

eSkill India’s knowledge partnership with MBS’ SahiPay platform will facilitate digital skilling of youth towards financial inclusion and help create a holistic ecosystem for promotion of self-employment and nano – entrepreneurship in the financial services sector. The partnership aims to combine NSDC’s digital skilling expertise, robust training infrastructure and wide network with SahiPay’s industry insights to design and conduct targeted skill development programs for youth to boost their employability and productivity. The e-course would enable the candidates to gain knowledge in the field of digital financial services, impart skills towards self-employment and provide the opportunity to be a part of SahiPay. NSDC and SahiPay will also organize various digital and on-ground initiatives to create wider awareness amongst youth across the country about digital financial literacy and highlight the several prospects of self-employment that the sector offers.

Commenting on the partnership, Ms. Vandana Bhatnagar, NSDC, said, “Indian digital payments industry has been experiencing an accelerated growth and is estimated to grow multi-fold in the next five years. We aim to leverage the emerging opportunities in the sector by imparting the youth with requisite knowledge and training in digital financial literacy and encourage them to embrace nano-entrepreneurship for sustained growth in future.”

Under the partnership the enrolled candidates would learn about Indian Banking and Financial Services Industry along with Digital Payment Platform Operations through content such as Entrepreneurship, Know Your Customer (KYC), Security and Compliances, Communication Skills, Banking Services, AePS Banking, Payment Services (UPI, QR Code, Cards), Domestic Money Transfer, Value Added Services (Bill Payments/Recharges) and SahiPay Platform & Services. It will provide a long-term sustainable business model and mechanism to generate regular income through its multiple offerings. Entrepreneurs registered with SahiPay could generate a monthly average revenue and further providing income generating services to any consumers as per their need.

Sharing his thoughts on the collaboration, Mr. Abhay Gupte, MD & CEO, Manipal Technologies Ltd., said, “Digital Financial Literacy and Creation of Nano Entrepreneurship” is an exclusive financial entrepreneurship program, which offers a comprehensive understanding of Indian banking and financial sector along with operational know how of integrated payment platform offered by SahiPay.

This “Skill-based Entrepreneurship Program” is aimed to provide the candidates an instant employability and opportunity to earn through diversified services of SahiPay.”

eSkillIndia is a digital skilling initiative from NSDC that aggregates digital learning resources through various Indian and global knowledge partnerships, to enable access to best-in-class learning resources for the Indian youth. Presently, the portal catalogues over 825 digital courses from its partners and additional 4000+ courses are connected through affiliate channels across various sectors in multiple languages, providing learners with the technology and skills needed to prosper in a rapidly transforming digital world.  The portal is facilitating a nation-wide opportunity for self-livelihood through a strong foundation of accessible digital skilling courses in the financial sector.

MBS’ SahiPay is a convenient and secure digital platform which enables entrepreneurs to accept digital payments from the retail customers and provide multiple Value Added and Banking Services depending on the end-consumer preference.