Naredco signs MoU with Housing Ministry to train 2.5 lakh urban poor

The National Real Estate Development Council (Naredco) has signed an MoU with the Ministry of Housing and Urban Affairs for providing skill training and employment opportunities to over 2.5 lakh urban poor in the construction sector. The collaboration under DeendayalAntyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) will also focus on alignment of skill training with industry requirements, training unskilled manpower at construction sites and up-skilling of workers so that they can increase the income and get benefited from the Government certification programme. “The main objective of this MoU is to provide employment to urban poor waiting to enter the construction sector and secondly up-skill the semi-skilled construction workers working on construction sites to a skilled category. Naredco will ensure the implementation of this initiative through training providers empanelled with the Construction Sector Skill Council (CSDCI),” Niranjan Hiranandani, National President, Naredco, said in a release today. The council will be responsible for the overall implementation, achievement of the targets and outcomes. It will provide full placement for the training batches and has committed to at least 70 per cent captive placement at Naredco partners sites. Also under the up-skilling training programmes, Naredco will ensure an increment of at least three per cent in the wages of the beneficiaries getting. Training curriculum under this initiative will range from minimum 80 hours (10 days) to a maximum of 6 months. Naredco will encourage the training of women beneficiaries under this initiative. They will strive to achieve at least 30 per cent of the trained beneficiaries as women, wherever available, it added. Ms. Manju Yagnik, Vice Chairperson, Nahar Group & Vice President, NAREDCO (Maharashtra), stated that,“Real Estate is expected to transpire as the largest employer in India by 2022.This move made by NAREDCO is commendable specially keeping in mind that it addresses the huge gap that India faces today in terms of scarcity of skilled labours . The proper training and skill development programs provided to the construction workers would definitely enhance the output and also help the workers to grow their earnings. Being a women and part of NAREDCO, I am proud with the decision of training women beneficiaries which is praiseworthy”. Mr. Parth Mehta, Managing Director, Paradigm Realty, said“Dearth in skilled labour is a grave issue for developers. Concern has increased as timely delivery of projects is the most important factor for buyers which impact their buying decision after affordability. The initiative of The National Real Estate Development Council (Naredco) to sign a MoU with the Ministry of Housing and Urban Affairs for providing the skill training to urban poor is a win-win situation for the workers and developers both. Urban poor will get the employment opportunity and developers will get the quality & timely delivery of work. Alongside up-skilling training will open newer avenues for the construction labours& it will not even hamper the construction work of developers as it will be provided on site. Encouraging training for the women beneficiaries is another great step towards women empowerment.”