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State Bank of India to Offer Upto Rs 1.5 Lakh Skill Loan for LIVEWIRE Students

State Bank of India (SBI), the country's largest bank, has come forward to offer skill loans of upto Rs.1.5 lakh for the students of LIVEWIRE – A Division of CADD Centre, India's largest and franchise-based training network.

Students and working professionals can avail loans anywhere from Rs.50,000 to Rs.1,50,000 toward paying fee for any program costing from Rs.50,000 offered by LIVEWIRE in various domains. There will be no need for collateral or third party guarantee. The students will have to get one of their parents or a guardian as a joint or co-borrower. The loans will be disbursed in one or more installments as per LIVEWIRE's fee schedule.

LIVEWIRE will refer students to SBI. Each student will be eligible for one loan. The loan can be repaid as per bank terms and the course completion. The interest will be based on the prevailing interest rate of the bank under its Skill Loans scheme.

LIVEWIRE – A Division of CADD Centre's mission is to offer world-class and employment oriented courses to students of all socioeconomic backgrounds at affordable cost. We have been training around 1.5lac students every year through 700 plus franchise outlets across India. With SBI loan facility, there will be more students trained in the coming year.

Quoting a McKinsey report, CADD Centre's Managing Director Mr.Selvan pointed out that India's manufacturing sector can grow sixfold by 2025, to $1 trillion, creating up to 90 million domestic jobs. Though India's engineering colleges churn out lakhs of graduates about 50% of them are not immediately employable. The students need to undergo industry approved training in vocational education and software skill development.

He added that keeping the employability needs of students, LIVEWIRE designs courses that are employment oriented. Most of its courses are approved by the industry out there and LIVEWIRE is now an approved Training Partner of National Skill Development Council (NSDC) and MSME Technology Centre.

LIVEWIRE offers 80+ standard courses and a large number of industry specific and custom made courses in IT/ITES, Software Development, Electronic Design automation, Industrial Automation and few other special programs.

Enrich your Skills without worrying about the financial constraint. LIVEWIRE along with SBI's Skill loan will help you to achieve your career goal.


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