Public sector lender Central Bank of India and the National Skill Development Corporation (NSDC) have joined hands in order to promote vocational training amongst the youth.

The two entities have signed a memorandum of understanding (MoU) in this regard. The agreement was signed by Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, and Mr Dilip Chenoy, CEO and Managing Director, NSDC.

The agreement was signed in the presence of finance minister, Mr Pranab Mukherjee.

The bank would thus be offering finance to young people in order to nurture their vocational skills which would be aided by Partner Training Institutes of the NSDC.

The first such institute to be financed under this scheme is TalentSprint, Hyderabad. It involves in offering training mainly for IT and BFSI sector.