IFI to offer industry-aligned fintech training programmes
The Asian Development Bank (ADB) is lending US$23 million for enhancing access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT-City) https://www.giftgujarat.in/ .
“The project’s emphasis on market-driven fintech skills programmes, creating enabling environment for private sector investment and enhancing collaboration between industry, skills development institutes and development partners will promote holistic growth of fintech ecosystem in India,” said Rajesh Vasudevan, Officer-in Charge of ADB’s India Resident Mission, after signing the loan on 14 March on behalf of ADB.
“This project will establish an International Fintech Institute (IFI) https://www.indiafintech.com/ to strengthen fintech education, boost start-up success rates, and drive fintech research and innovation,” added Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, following the loan signing in New Delhi.
The loan is for Promoting Research and Innovation through Development of Fintech Institute at GIFT-City Project, which is an initiative of the Government of India https://bharatpe.com/ and the State Government of Gujarat to foster India’s financial services and fintech ecosystem.
The IFI, set to be established in partnership with globally reputed institutes and universities, will offer industry-aligned fintech training programmes that meet international standards. The institute will strengthen innovation and entrepreneurship by supporting startups, especially women-led, through incubation and acceleration services. It will also collaborate with industry and venture capital funds to support the growth of fintech startups.
These interventions will contribute to enhanced employment opportunities, workforce competitiveness, and productivity in new and green technologies, said the Finance Ministry.
The ADB https://www.adb.org/ programme will support research on innovative solutions and technologies in climate fintech, regulatory technology, social inclusion, and gender equality in finance. The project will help establish a state fintech readiness index and develop new solutions to emerging technologies. Fiinews.com
