The term "Apprenticeship Training" in the context of the BFSI (Banking, Financial Services, and Insurance) Sector of India refers to structured programs that combine practical on-the-job learning with classroom instruction to equip individuals with the necessary skills and knowledge for careers in banking, finance, and insurance.

These programs are significant as they bridge the gap between theoretical education and industry requirements, providing participants with hands-on experience and industry-specific expertise.

They play a crucial role in developing a skilled workforce, enhancing employability, and meeting the evolving needs of the BFSI industry in India.

National Apprenticeship Promotion Scheme (NAPS) is a scheme of Government of India to provide financial support to establishments undertaking the apprenticeship training. NAPS was launched on 19th August 2016.

Eligibility criteria may vary depending on the specific apprenticeship program, regulatory requirements, and industry standards established by organizations and governing bodies within the BFSI sector. It's advisable for interested individuals to review program guidelines.

Eligibility for BFSI apprenticeships under the applicable Act typically extends to individuals meeting the below or more criteria's:

1. 10th, 12th, Graduates or postgraduates seeking practical training in banking, financial services, or insurance.

2. Diploma holders in relevant fields such as finance, commerce, or business administration.

3. Individuals fulfilling age requirements set forth by the apprenticeship program or relevant authorities.

4. Those who have completed requisite pre-apprenticeship training programs or courses.

5. Aspiring professionals seeking to enter the BFSI sector and willing to undergo apprenticeship training as part of their career development.

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Yes you may apply and for more eligibility information, refer to the answer of question "Who all are eligible to be apprentices under the Act."

The BFSI (Banking, Financial Services, and Insurance) industry encompasses sectors involved in providing financial products and services, including banking institutions, financial markets, insurance companies, mutual funds, stock exchanges, and other financial service providers.

Yes, stipends are typically offered during BFSI apprenticeships in India. The exact amount may vary depending on factors such as the program, the employer, and other regulations.

It can be any where starting from 6 Months exceeding to 36 months.
Please note every employer would have different duration of Apprenticeship in their organization