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NAREDCO SIGNS MoU WITH HOUSING MINISTRY TO PROVIDE SKILL TRAINING AND JOBS IN CONSTRUCTION SECTOR

Realtors body National Real Estate Development Council (NAREDCO) has signed Memorandum of Understanding (MoU) with Ministry of Housing and Urban Affairs to provide skill training and jobs in construction sector for 2.5 lakh poor people.

The partnership will strengthen skill trainings and employment opportunities in construction sector for urban poor under Deendayal Antyodaya Yojana-National Urban Livelihoods Mission.

Key Facts

The two objectives of this MoU are provide employment to urban poor waiting to enter construction sector and up-skill the semi-skilled construction workers working on construction sites to skilled category.

NAREDCO will ensure implementation of this initiative through training providers. It will deliver majority of fresh and upskilling training programme at construction sites.

The training curriculum under this initiative will range from minimum 10 days (80 hours) to maximum of 6 months. Through this collaboration around 2,50,000 urban poor will be trained.

NATIONAL REAL ESTATE DEVELOPMENT COUNCIL (NAREDCO)

It is autonomous self-regulatory body under Ministry of Housing and Urban Affairs.

It was established in 1998 and is headquartered in New Delhi.

It serves as apex national body for real estate industry and provides single platform for Government, industry and public to discuss various problems and opportunities face to face for speedy resolution of issues.

Its mandate also includes to induce transparency and ethics in real estate business and transform unorganized Indian real estate sector into  matured and globally competitive business sector.

DEENDAYAL ANTYODAYA YOJANA-NATIONAL URBAN LIVELIHOODS MISSION (DAY-NULM):

To reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self employment and skilled wage employment opportunities, resulting in an appreciable improvement in their livelihoods on a sustainable basis, through building strong grassroots level institutions of the poor.

The mission would aim at providing shelters equipped with essential services to the urban homeless in a phased manner.

In addition, the mission would also address livelihood concerns of the urban street vendors by facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors for accessing emerging market opportunities.

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