KASHISH GROUP OF INSTITUTION
KThe KASHISH facilitates or catalyses initiatives that can potentially have a multiplier effect as opposed to being an actual operator in this space. In doing so, it strives to involve in all aspects of skill development.
The approach is to develop partnerships with multiple stakeholders and build on current efforts, rather than undertaking too many initiatives directly, or duplicating efforts currently underway. To scale up efforts necessary to achieve the objective of skilling / up-skilling 150 million people, the KASHISH strives to:
• Develop ultra low cost, high-quality, innovative business models
• Attract significant private investment
• Ensure that its funds are largely “re-circulating”; i.e. loan or equity rather than grant
• Create leverage for itself
• Build a strong corpus.
The challenge of skilling / up-skilling 150 million by 2022 requires both fundamental education reform across primary, secondary and higher education and significant enhancement of supplementary skill development. KASHISH focuses primarily on supplementary skill development and strive to create seamless tracks within the education system.
To strengthen supplementary skill development, KASHISH focuses on fostering private sector led efforts that include both non-profit and for-profit initiatives with the goal of building models that are scalable. The KASHISH has adopted a differentiated approach to support private sector initiatives depending on the target segment. Based on the marketability of the skill group and income level of the student population, there are three segments across which the KASHISH focuses on:
• Attractive segment: Given that the market automatically works, the KASHISH only plays a reactive role and support the scale-up by various players
• Viable segment but with marginal economics or involving high risk/uncertainty: This is a key focus area of KASHISH particularly in the near-term, with the aim being to make this segment much more attractive for private investment
• Completely unviable segment: Over time, KASHISH will aspire to work in this segment in collaboration with government departments and help develop innovative business models which can move players from this segment to the viable segment.