Career Point secures 12.6 Cr. loan from National Skill Development Corporation (NSDC)

Tutoring services firm Career Point Ltd has received Rs 4.2 crore ($625,000) from National Skill Development Corporation (NSDC) to provide skill training to youth in diverse trades, it said in a statement.

The Rajasthan-based company will use the money to train 4.5 lakh youth in 36 diverse trades in multiple sectors over a 10-year period, it said. This loan is the first tranche of Rs 12.6 crore committed by NSDC for executing the project that covers training under key industrial as well as service sectors. The total expenditure on the project is said to be Rs 16.8 crore.

The courses run under this programme would be about three-four months of duration covering classroom training, practical and on-the-job training.

The company, formerly known as Career Point Infosystems Ltd, offers tutorial services to high school and post high school students for various competitive entrance examinations such as AIEEE, AITJEE, AIPMT andand pre-dental test. The company, which was launched in 2000, also claims to be catering to technical campuses and private universities in multiple geographies.

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