BASIC Academy, a fintech venture, will train, upskill and support employment for 5,000 graduates over three years. The academy aims to support the government’s ‘AtmaNirbhar Bharat’ and ‘Skill India Mission’, particularly in the BFSI sector, by preparing college graduates to launch and grow careers in the mortgage industry.
BASIC Academy will be offering a specialised 8-week programme where comprehensive training and guidance will be provided to young graduates who wish to establish a career in the BFSI industry, through a 360-degree approach, combining classroom & field training, as well as expert sessions from the sectoral leaders. Subsequently, there will be four weeks of on-the-job training sessions aimed at offering practical, hands-on experience.
“With the home loans industry poised to double in size, projected to grow from 300 billion to 600 billion dollars in the next 3-4 years, the surge in job openings underscores the critical importance of upskilling to meet the growing demands of the sector”, Atul Monga, founder, BASIC Home Loan, said.
As of today, BASIC Home Loan has a network of 12,000+ agents, a presence in 650 districts and 70+ financing partners.
India has seen significant skill development improvements in the past decade, with the employability of graduating and penultimate-year students rising from 33.9 per cent in 2014 to 51.3 per cent in 2024, according to the Department of Economic Affairs January 2024 economic review. BASIC Academy, focusing on tier 2 and 3 cities, will offer courses in Hindi and English.
