Addressing the gathering, Shri Jayant Chaudhary paid tribute to Chaudhary Ajit Singh ji on his birth anniversary, emphasizing the importance of rural India’s entrepreneurial spirit and youth potential. He highlighted initiatives like SOAR—Skilling for AI Readiness—and encouraged youth to participate in regional and national skill competitions such as IndiaSkills, which offer pathways to international recognition. The Minister underscored the significance of platforms like Kaushal Mahotsav in bridging the gap between talent and industry, and reiterated the government’s commitment to expanding such events nationwide. Supported by the National Skill Development Corporation and aligned with broader reforms like PMKVY 4.0, NAPS apprenticeships, and the modernization of ITIs under PM-SETU, these efforts aim to build a skilled, confident, and future-ready workforce aligned with India’s vision of Viksit Bharat 2047.

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The Great Place to Work® is a global leader in workplace culture, helping organizations create a consistently and overwhelmingly positive employee experience. In India, the Great Place to Work® collaborates with over 1400 organizations annually, spanning 22 diverse industries. According to its research, exemplary workplaces share attributes such as effective leadership, a consistently positive employee experience, and a commitment to sustainable financial performance.

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Through this collaboration, NSDC and Unstop will combine their strengths to empower India’s youth and strengthen the nation’s workforce. This will open up opportunities for students across the country to showcase their skills, sharpen them and get the right career opportunities. The collaboration combines the strengths of two such organisations that are creating holistic solutions for young minds to get the right platform to showcase their talent while aligning it with sector-specific requirements guided by Sectoral Skill Councils (SSCs). The assessments curated under this collaboration will also evaluate skill proficiency and facilitate seamless hiring by creating a pool of pre-assessed candidates for the employers.

Expressing optimism about the collaboration, Shri Ved Mani Tiwari, CEO of NSDC said, “Through this strategic partnership with Unstop, we are taking a significant step towards bridging the skill gap in India. By providing our youth with access to diverse career opportunities and skill-based assessments, we aim to empower them to thrive in a competitive job market and contribute meaningfully to the nation’s workforce. By combining NSDC’s extensive experience in skill development with Unstop’s innovative platform, we aim to empower students across the country to showcase their skills and connect with potential employers in meaningful ways.

We believe that by fostering a culture of skill-based employment, we can unlock the immense potential of India’s youth and contribute to the nation’s economic growth.‘’

Speaking on the partnership, Ankit Aggarwal, Founder & CEO, said, “We are very excited to announce this collaboration. This aligns with our vision to curate the largest pool of employable talent by giving them the right opportunities and platforms to showcase their talent and connect with their dream employers. With NSDC being a part of this collaboration, we feel it strengthens our take on skill-based hiring and assessment and opens up doors for talent across the country to be evaluated on their skills.” 

He added, “The opportunities are increasing daily for students to explore and learn. Through this collaboration, we want to reach students in every city and college pursuing any course, thus democratising engagement and hiring.” 

This partnership is aimed to create a substantial impact, enabling millions of learners annually through integrated offerings and engaging the participants in competitions hosted on NSDC’s dedicated platform. With a thriving community of 19 million students and early professionals from over 20,000 colleges, Unstop today connects talent with 5,000+ employers across the sectors. With this collaboration, both NSDC and Unstop will be able to combine their strengths to empower India’s youth and strengthen the nation’s workforce.

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The MoU was signed today at NSDC’s headquarters by Shreshtha Gupta, CTO NSDC, and Ishan Sharma, Head, Business at Juspay, in presence of Ved Mani Tiwari, CEO NSDC and MD NSDC International, Rajesh Swaika, CFO NSDC and Malyada Goverdhan, Head – B2G Partnerships, Juspay. The partnership marks a significant step towards leveraging cutting-edge technology to streamline financial processes for NSDC’s vast network of stakeholders, including training partners, candidates, and other ecosystem players.

Highlights of the Collaboration 

As per the MoU, Juspay will provide a robust and scalable payment orchestration platform tailored to the needs of NSDC, enabling seamless transactions across various payment modes like UPI, credit/debit cards, wallets, and net banking. The integration will simplify payment experiences for millions of learners and training providers, ensuring both reliability and efficiency. Juspay’s unified analytics and optimization tools will help NSDC gain actionable insights to enhance operational efficiency.

Speaking on the occasion, Ved Mani Tiwari, CEO NSDC and MD NSDC International said, “Our collaboration with Juspay represents a significant advancement in our commitment to enhancing the skill development ecosystem in India. By leveraging the unique payment solutions, we aim to streamline the financial processes for our stakeholders, making skill development more accessible and efficient. This collaboration will empower millions of learners and training providers, ensuring that our initiatives are not only impactful but also sustainable in the long run.” 

Vimal Kumar, CEO & Founder of Juspay, added: “We are proud to partner with NSDC in their mission to empower millions through skill development. NSDC’s extensive payments infrastructure presents unique challenges, including the need for seamless integration across diverse platforms and ensuring secure and frictionless transactions at scale. At Juspay, we are committed to delivering a comprehensive solution that not only simplifies these challenges but also offers NSDC complete visibility and control over every financial transaction.”

This partnership establishes a framework for collaboration that will not only enhance payment solutions but also promote financial inclusion within the skill development sector.

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A key feature of the Skill Impact Bond is its strong gender-responsive approach. With 74% of trainees being women from low-income backgrounds, many with limited education and no prior work experience, the program has successfully engaged and retained these women in the workforce. Strategies such as family engagement, workplace familiarization, mobility support, and post-placement assistance have been instrumental in achieving these outcomes.

During his address, Shri Atul Kumar Tiwari, Secretary, Ministry of Skill Development & Entrepreneurship said, “When thoughtful minds collaborate together, we don’t just invest; we build communities. We create pathways to better livelihoods, stronger families, and a more resilient nation. The Skill Impact Bond exemplifies this vision, having already trained nearly 29,000 first-time job seekers from low-income families across 24 states and union territories. It reflects true social responsibility by shifting focus from short-term inputs to long-lasting impact. With SIB 2.0, we aim to raise the bar, aligning with the Hon’ble Prime Minister’s vision of a future-ready, inclusive workforce that will propel India towards global leadership.”

While addressing the gathering, Shri Ved Mani Tiwari, COO (Officiating CEO), NSDC & MD, NSDC International said, “Skill Impact Bond has reached 29,000 lives across 24 states and 18 sectors with a 57% retention rate, aiming for 60%. Moving forward, the focus is on Employability, Employment, Income Enhancement, and Entrepreneurship. By leveraging digitalization and AI-driven innovations in healthcare, education, and beyond, SIB aligns with India’s $35 trillion economic vision for 2047, building a future-ready workforce and fuelling a more inclusive start-up ecosystem.”

Alongside National Skill Development Corporation (NSDC), the Skill Impact Bond’s coalition of partners comprises the British Asian Trust, Michael & Susan Dell Foundation, Children’s Investment Fund Foundation (CIFF), JSW Foundation, HSBC India, Dubai Cares, United States Agency for International Development (USAID), UK Government’s Foreign, Commonwealth and Development Office (FCDO), Dalberg Advisors, and Oxford Policy Management. The skill training is delivered on-ground by Learnet Skills Limited, Magic Bus India Foundation, and PanIIT Alumni Reach For India Foundation, all selected for their capacity to innovate, scale, and reach diverse target groups.

Bharath Visweswariah, Executive Director – India, British Asian Trust during his address said, “The Skill Impact Bond’s latest results affirm the power of an instrument like an impact bond to transform the way skilling is approached and financed in India. With each cohort the number of young people and women securing employment is increasing, with 7 out of every 10 women trained through the Skill Impact Bond now successfully securing jobs. Our independent evaluator is rigorously testing all the data and the data here is clear – linking funding to outcomes is having an incredible impact.”

Independent verification of the program reveals that 70% of enrolled women and 81% of enrolled men have secured jobs following their training. Job retention has also shown promising outcomes, with 56% of women and 62% of men retaining their jobs for at least three months. Furthermore, among those placed in jobs, 40% of women and 66% of men continued working for six out of twelve months. Notably, job retention rates for women have improved significantly, increasing from 48% in the first cohort to 61% by the third cohort.

With a budget of USD 14.4 million, the Skill Impact Bond is designed to achieve measurable outcomes linked to job placement and retention. This innovative financial model ensures accountability and effective use of resources aimed at enhancing employment opportunities for youth, particularly women.

As the program continues to scale its operations and mainstream its principles, it remains committed to transforming India’s skilling ecosystem through a focus on tangible outcomes and innovative practices.

The focus on employment outcomes has influenced all aspects of programme design and delivery, resulting in the promising results the Skill Impact Bond is now seeing. The coalition’s prioritisation of tight performance management, incentive alignment between all stakeholders, engagement with employers to ensure fit-for-purpose training, and tech-enabled, data-driven decision-making ensures the impact bond is constantly optimising and innovating to meet its goals.

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