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NSDC & PayPal Formalised MoU to Provide Skill Development Opportunities

Published on March 26, 2025
Current Context: On March 21, 2025, the National Skill Development Corporation (NSDC) and PayPal signed an MoU in Chennai, Tamil Nadu, aiming to provide skill development opportunities in the Banking, Financial Services, and Insurance (BFSI) sector.
NSDC & PayPal Formalised MoU to Provide Skill Development Opportunities
  • This initiative is focused on empowering youth, particularly women from low-income families, to improve their job readiness, financial knowledge, and entrepreneurial skills.
  • The program includes 420–480 hours of National Skills Qualification Framework (NSQF)-aligned training, designed for roles like Bancassurance Relationship Associate, GST Assistant, and Account Assistant.
  • It also enhances soft skills and practical financial competencies to help candidates adapt to industry requirements and pursue professional or entrepreneurial goals.

Question:

Q.1 Where was the MoU between NSDC and PayPal signed on March 21, 2025?
a) New Delhi
b) Mumbai
c) Chennai
d) Bengaluru

Answer: c) The National Skill Development Corporation (NSDC) and PayPal signed the Memorandum of Understanding (MoU) in Chennai, Tamil Nadu to provide skill development opportunities in the Banking, Financial Services, and Insurance (BFSI) sector.
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