Go to ...

Skill Reporter

Informational updates on skill development, technical vocational education and training

Skill Reporter on Google+Skill Reporter on YouTubeSkill Reporter on LinkedInSkill Reporter on PinterestRSS Feed

March 20, 2018

Punjab Govt. approached HDFC Bank to provide soft loans to youth to boost skill development and self employment

Chandigarh : Punjab Chief Minister Amarinder Singh today discussed the possibility of special employment programmes for youths with HDFC Bank and asked it to provide soft loans to young entrepreneurs.

The HDFC local branch banking head Govind Pandey had called on the Chief Minister at the Punjab Bhawan here, an official spokesman said.

The Chief Minister asked the bank to support the government’s employment initiatives by providing soft loans to youths to make them self-employed, he said.

He also urged the bank to initiate training and skill development programmes for youngsters in Punjab to help them get jobs.

During the meeting, Pandey sought the government’s support for welfare programmes for farmers and cited the bank’s Sustainable Livelihood Initiative (SLI) as a robust business model that had helped empower thousands of people in rural India. Through this initiative, the Bank intends to reach out to the ‘un-banked’ and ‘under-banked’ segment of the population, he said.

In doing so, it will help those at the bottom of the pyramid by providing them with livelihood finance, Pandey said. He also spoke about the various initiatives undertaken by the bank to create sustainable livelihood through skill development programmes for inclusive growth in Punjab.

Pandey said more than 88,000 members had so far been trained in various skill development programmes and nearly 83,000 members had received micro-enterprise training in detergent, liquid soap and phenyl making.

Amarinder asked HDFC to start special training programmes to impart hands-on experience to the unemployed youth as drivers, tube well mechanics, electricians and plumbers, the spokesman said. The Chief Minister promised to extend all possible government support to the bank’s initiatives for the youth, he added.

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More Stories From Punjab