About us

The BFSI Sector Skill Council of India

The BFSI Sector Skill Council of India is set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council will also accredit well equipped service providers who will partner to disseminate the training. The skill council is seen by its stakeholders and partners as a nation-building activity with far reaching implications for social development and empowerment through financial inclusion. Great care is being taken to appropriately address the needs of the various industry verticals as well as the geographical regions of the country.

Vision

BFSI SSC strives to complement the existing vocational education system in meeting the entire value chain’s requirements of appropriately trained manpower in quantity and quality across all levels on a sustained and evolving basis.


Mission

  • Upgrade skills to international standards through significant industry involvement.
  • Be a conduit of change through thought leadership, research, market intelligence and membership engagement.

Join Us

As an Industry Partner

An opportunity to collaborate with other premier institutions on a nation-building activity more...

As an Service Provider

An opportunity to potentially impact millions of people with your services more...


Board of Directors

  • Mr.Sudhakar Rao Interim Chairman

    Retd. Chief Secretary to Government of Karnataka
  • Mr. Bhargav Dasgupta Director

    Managing Director & CEO, ICICI Lombard General Insurance Company Limited
  • Mr. Ambarish Datta Director

    Managing Director & CEO,
    BSE Institute Limited
  • Mr. Ravi Varanasi Director

    Chief-Business Development of National Stock Exchange of India Ltd
  • Mr. Divakar Singh Director

    Member (Distribution) Insurance Regulatory and Development Authority (IRDA)
  • Mr. Shankar Jadhav Director





    Head of Strategy at
    BSE Limited

  • Mr. Mohan V. Tanksale Director





    Chief Executive - The Indian Banks
    Association (IBA)

  • Mr. V. Manickam Director





    Secretary General
    Life Insurance Council

About The BFSI Sector Skill Council of India

The BFSI Sector Skill Council of India

The Prime Minister’s Office has issued a mandate that by the year 2022, India should have 500 million skilled employees across various sectors. The Ministry of Finance has been charged with overseeing this mandate and has established the National Skill Development Corporation (NSDC) for this purpose. NSDC has been working with leading organizations and associations from several sectors on setting up Sector Skill Councils to address the need for skill development.

The BFSI Sector Skill Council of India is set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council will also accredit well-equipped service providers who will partner to disseminate the training. The skill council is seen by its stakeholders and partners as a nation-building activity with far reaching implications for social development and empowerment through financial inclusion. Great care is being taken to appropriately address the needs of the various industry verticals as well as the geographical regions of the country.

NSDC has been in close contact with the BFSI Sector Skill Council as we partner to address skill development needs in a large, highly segmented industry which is characterized by accelerated growth. The progress of the BFSI industry has significant impact on the progress of our nation and the issue of skill development is one that the industry holds as being of great importance.

The BSE Institute Ltd. is a wholly owned subsidiary of BSE Limited and has been a pioneer in the field of Financial Education for the last twenty three years. The BSE Institute Ltd. has taken the lead in setting up the BFSI Sector Skill Council of India with the active support of the Confederation of Indian Industry (CII).

  • The BFSI Sector Skill Council of India has been set up with the aim of enhancing skill development across the BFSI sector leading to greater efficiency, productivity and sustained growth.
  • It addresses the shortages in skill development, known as ‘skill gaps’; targets skill development strategies accordingly and thereby helps in enhancement of skill level of employees.
  • The approach to this is by defining the standards for skill development for the various job roles of the industry using a competency based framework.

The Indian economy has quite evidently been on a relatively high growth trajectory. It has experienced an average growth rate of over 9% annually for the last three years. There is no question that this surge has favorably impacted the Banking, Financial Services and Insurance (BFSI) sector.

BFSI companies are now able to expand by introducing new products, leveraging technology, deploying innovative strategies and ramping up distribution networks. Greater levels of consumer awareness about various investment options have enlarged the potential of this sector for catering to the various strata of society. Deregulation has induced the banking sector in particular to explore new business avenues. A strong regulatory and compliance framework in creating an investment friendly environment is showing positive signs for the sector too (Source: Dun and Bradstreet).

The projected manpower requirement of the BFSI labor force by 2022 is 8.5 million - which is an increase of about 4 - 4.5 million from where we stand today. Many leaders in the industry agree that skill development is an issue that needs attention as we seek to grow as an industry and forge ahead as critical part of the Indian economy. We are confident that with the support of the industry and other service providers, we can collaborate successfully for this nation-building endeavor and create significant progress in the area of skill development.

By partnering with the leaders of this industry, industry association bodies and various service providers, the skill council is looking forward to working hard to take our industry and therefore, our nation forward.

Key Objectives

The BFSI Sector Skill Council of India is set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council will also accredit well equipped service providers who will partner to disseminate the training. The skill council is seen by its stakeholders and partners as a nation-building activity with far reaching implications for social development and empowerment through financial inclusion. Great care is being taken to appropriately address the needs of the various industry verticals as well as the geographical regions of the country.

The primary means by which the skill council will achieve this objective is by creating a system to engage in the following:

Resources


Linkage With State Government

News & Events



SSC Partners


The BFSI Skill Council has been actively involved in partnering with industry institutions from each of the industry verticals. To that end we have received a positive response from a number of leading financial institutions across the country. Please watch this space for a listing of our industry partners.

Training Partners

Name of Training Partner

  • AISECT
  • Ants Consulting & Services Pvt. Ltd.
  • Edubridge Learning Pvt Ltd
  • Empower Pragati Vocational & Staffing Pvt. Ltd.
  • Globsyn Skills Development (P) Ltd.
  • IL&FS Skill Development Corporation Limited
  • National Stock Exchange of India Limited
  • TeamLease Services Ltd
  • Edujobs Academy Pvt. Ltd.
  • Rooman Technologies
  • BSE Institute Ltd.
  • JobSkills Solutions Private Limited
  • Sahaj e-Village Limited
  • Orion Edutech Pvt Ltd
  • ASMACS SKILL DEVELOPMENT LTD
  • Indus Edutrain Pvt. Ltd.
  • GRAS Education and Training Services Pvt Ltd
  • Nalanda Institute for Computer and Vocational Training Pvt ltd.
  • iSTAR Skill Development
  • SALTLAKE INSTITUTE OF ENGINEERING & MANAGEMENT LTD.
  • Anuna Education Network Pvt. Ltd.
  • Brainware Consultancy Pvt. Ltd
  • LAQSH Job Skills Academy Pvt. Ltd
  • EDUCATION FOR EMPLOYMENT FOUNDATION
  • NIIT

Name of the SPOC

  • Pallavi Rao Chaturvedi
  • Roshan Pinto
  • Runal Shinde
  • Mehwash Siddiqui

  • Shaoli Chakravorty
  • Avinash Goregaonkar

  • Ms. Maria Matos

  • Manjula Kumar
  • Mohit Patwari
  • Mona Puranik
  • Rahul Ranadive
  • Vahid Hussain S
  • Pradeep Rana
  • Mehak Sarraf
  • DATTATRAY RAJ
  • Ritesh Chowdhury
  • Rajalakshmi Venkatraman

  • Ankur Sharma

  • Hema Vaidyanathan, PhD
  • Sagnik Poddar

  • Amit Iqbal Srivastava
  • Bapi Kumar
  • Vanamamalai Kannan
  • Tejwant Chhatwal

  • Devesh Saboo

Email ID

  • pallavi@aisect.org
  • roshan@ants.in
  • runal@edubridgeindia.com
  • mehwash.siddiqui@empowerpragati.in

  • shaoli.chakravorty@globsyn.com
  • avinash.goregaonkar@ilfsindia.com

  • mariam@nse.co.in

  • manjula.kumar@teamlease.com
  • mohit.p@jobsacademy.co.in
  • mona.p@rooman.net
  • rahul.ranadive@bseindia.com
  • vahid.hussain@thejobcorp.com
  • pradeep.rana@sahaj.co.in
  • info@orionedutech.com
  • dattatray@asmacs.net
  • ritesh@iiimltd.in
  • rajalakshmi.venkatraman@grasacademy.in

  • ankur.nicvt@gmail.com

  • hema@istarindia.com
  • sagnik.poddar@sliemskills.com

  • amit@anuna.in
  • bsda@brainware-india.com
  • kannan@laqsh.com
  • tejwantchhatwal@gmail.com

  • Devesh.Saboo@niit.com

Assessment Agency



The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.

CII is a non-government, not-for-profit, industry led and industry managed organization, playing a proactive role in India's development process. Founded over 116 years ago, it is India's premier business association, with a direct membership of over 8100 organizations from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 90,000 companies from around 400 national and regional sectoral associations.

With 64 offices and 7 Centers of Excellence in India, and 7 overseas offices in Australia, China, France, Singapore, South Africa, UK, and USA, as well as institutional partnerships with 223 counterpart organizations in 90 countries, CII serves as a reference point for Indian industry and the international business community.

For more information, please visit: www.cii.in

Projects

Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the new Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this skill certification and reward scheme is to enable and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood.Under the scheme, monetary reward would be provided to trainees who are successfully trained, assessed and certified in skill courses run by affiliated training providers.

Key features of the PMKVY are:

The scheme will be implemented through the National Skill Development Corporation (NSDC).

For more details, visit http://www.pmkvyofficial.org/

Standard Training Assessment and Reward (STAR) Scheme

The BFSI Sector Skill Council of India

The National Skill Certification and Monetary Reward Scheme, known as STAR (Standard Training Assessment and Reward),was operational between August 2013 and September 2014.

NSDC is the designated implementing agency of the scheme and is working through various Sector Skill Councils (SSCs), Training Providers (TPs) and independent Assessment Agencies (AAs).

The achievements made under the scheme as on Feb, 2015 are as under:

Outcomes: (As of Feb 2015)

  • Total Enrolments: Since the launch of the STAR Scheme in August 2013, there have been over 14 lakhs enrolments across 19 Sector Skill Councils which has spread over 35 states and Union territories.
  • 719 Training organizations are affiliated under the STAR Scheme.
  • 29 assessment agencies are affiliated and 2,813 assessors empanelled.
  • Total Passed: 9.14 lakh candidates have passed their assessments out of 14 lakh+ candidates trained at an average pass percentage of 67%.
  • Monetary Rewards Processed: Monetary Reward of Rs. 806 crores has been processed by NSDC for 7.78 lakh trainees.
  • Under the STAR scheme, financial inclusion is also achieved as the certified trainees get their rewards credited to their newly opened bank accounts, with a debit card linked to an accidental insurance of Rs 1 lac. Each trainee is also assisted in getting an Aadhaar number and the skilling history is recorded in a Skill Development Management System (SDMS) for future reference by various stakeholders.

For more details, visit www.nscsindia.org

Demographic dividend, Development indicators and Market potential have placed India in a formidable position in the 21st century’s financial landscape. By the year 2020, the country is poised to become a major human resource hub of the World even ahead of many developed nations of the present. A huge responsibility rests with the State Governments towards making the country future ready and a great deal of this depends upon concerted efforts in raising the quality and standards of the human resources. The Government of India, realizing this has created a road map for Human Resources Development at all levels including Education, Research, Industry and Trade.

The Kerala State, by realizing this responsibility, has embarked upon an ambitious project named State Skill Development Project to equip its young population with skills in cutting edge sectors in order to effectively alleviate the unemployment problem in the state. The project combines both preventive (Additional Skill Acquisition Programme - ASAP) and curative approaches (Additional Skill Enhancement Programme). On the preventive side, the General and Higher Education Departments together will implement the Additional Skill Acquisition Programme (ASAP) to amplify working hands in different sectors of the economy, by providing additional skill sets to students along with their regular courses. In the curative part, Additional Skill Enhancement Programme (ASEP), under the leadership of Labour and Local Self Government Departments, is envisaged to encompass skill development and grooming initiatives for unemployed persons registered in the Employment Exchanges across the State.

Kerala, traditionally known for its high quality man power spread all over the World and with a high density of science and technology personnel, have always set a model for the nation in developmental issues. The realization of the fact that its unemployed population kept swelling despite having a rich talent pool, made it think and devise ways to counter the trend. It is in this context that the Additional Skills Acquisition Programme (ASAP) has been developed to impart sector specific skills to create a labour market ready work force.

The students studying at Government and Government Aided Higher Secondary Schools and at the Arts and Science Undergraduate Colleges will be equipped with sector specific skills to make them employable. ASAP envisages development of skill programmes in three levels, that is, from certificate programmes to dual degree programmes. The programmes shall also be dovetailed to National Vocational Education Qualifications Framework (NVEQF). The starting point will be at level three or four of NVEQF.

The ASAP level 1 programme, which commenced during November 2012, is a combination of three courses, namely, Communication Skills in English, Basic IT and an Elective Domain Specific Skill Course. The Programmes are developed, delivered, assessed and certified with the active participation of the related industries to ensure labour market acceptance of the programmes. By imparting Communication Skills in English and Basic IT courses to a large student community, the project envisages to create a large talent pool that can work in modern day organizations that promote a global work environment. By choice student groups receive sector specific skills that further enable them to be employable and industry ready.

Model curriculums


CONTACTS US


    • For more information on the BFSI Sector Skill Council of India, please contact:
    • PS-26, 2nd Floor, P. J. Towers, Dalal Street, Mumbai – 400 001
    • Mr. Rakesh Bhatt
    • Phone No : 022 - 22728748 / 22728866 / 22728965
    • e-mail : operations@bfsissc.com
    • For any grievance query, please contact:
    • Mr. Rakesh Bhatt
    • Phone No : 022 - 22728748 / 22728866 / 22728965
    • e-mail : operations@bfsissc.com