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February 25, 2018

CiTi Foundation’s 2016 India Innovation Grant Program (IIGP) empowered 13000 youth

The Citi Foundation’s grant program is focused on making change in India by addressing the socio-economic challenges faced by vulnerable youths. It has invested US$2 million in six youth-focused programs through its 2016 India Innovation Grant Program (IIGP), part of Pathways to Progress, the Citi Foundation’s global initiative. This investment prepares these disadvantaged youths by helping them to gain an entrepreneurial mindset, to acquire leadership, financial and workplace skills, and crucially, to begin to engage in the formal economy through a first job. The 2016 IIGP, launched last February, aligns with the Government of India’s ‘Skill India’ mission to empower 13,000 youths, aged between 16-25 years from low-income families.

Citi Foundation’s , ChildFund India will introduce 1,000 tribal women from below-the-poverty line families located in 20 villages in Madhya Pradesh to poultry farming. It will develop their entrepreneurship and leadership skills while creating supply-chain and financial links for them. The Foundation for MSME Clusters has a special ‘Embroidery to Employment’ program to restore the dying and historic art of embroidery. It will provide on-the-job leadership and entrepreneurial training to 500 artisans in Agra and Uttar Pradesh, helping to enhance their income between 30 to 50 percent by developing new skillsets. A Design/Product Innovation Centre will be created to support ideas, marketing and community enterprises.

All these programs supported this year correspond to the findings of Accelerating Pathways research that Citi Foundation commissioned with The Economist Intelligence Unit, where a key finding noted that in Mumbai, the main challenge young people face in the labour market despite increasing public investment in vocational skills training, is that the gap between skill levels and employability remains vast. The research highlights that young people offer talent that can be a powerful engine for cities’ growth, along with enduring optimism and energy about their futures; which is why Citi’s efforts over the past 16 years, are vital. It has benefited more than 2.5 million people here, all which has added to India’s growth.

Note: News shared for public awareness with reference from the information provided at online news portals.

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