BSE has been brought in by the National Skill Development Corporation (NSDC), a public-private partnership created by the finance ministry in 2008, for the job. The pilot project, to include developing a complete work programme, is to begin next month.
NSDC is to extend a grant of Rs 5 crore (Rs billion) for the first three years to BSE for creating a pilot programme, said sources.
BSE would set up at least 200 accredited training centres across the country. Each would train 3,250 people every year. The project will be carried out by BSE's training institute, which till now had been conducting certified courses in capital market studies.
According to a recent estimate by the Indian Banks' Association, public sector banks alone require at least 400,000 new employees in the next two years.
For example, Bank of Baroda is looking to recruit 5,000 employees during the current financial year. India's largest lender, State Bank of India, which hired 20,000 people last year, is planning to hire 10,000
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