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October 22, 2017

HDFC Bank launched skill development center to skill and counsel 13,000 youth under CSR


Mumbai : HDFC Bank under its CSR initiatives launched a skill training centre for youth in Nagpur. Through this initiative, HDFC Bank will provide career counseling and skills training to over 13,000 youth from Nagpur and Bhandara.

HDFC Bank will also help over 3,000 youth find relevant employment opportunities in retail, apparel and tourism and hospitality sectors. The initiative aims to make more youth job-ready by counseling them on career opportunities and providing skills training needed for employment. The beneficiaries are primarily from rural geographies.

Skill development is the need of the hour, with the present skills training capacity in the country estimated at four million as against close to 12 million people who join the workforce each year. As a result, approximately 80 per cent of the total workforce in the country don’t receive training and only 10 per cent of are job-ready and employable without any training, according to a recent research report.
In addition to the skills training, career counseling will focus on: Increasing self-awareness of the youth. Educating them on the various career paths they can pursue and helping them pursue their chosen path by connecting them with industry partners for scholarships.

For the initiative, HDFC Bank has partnered with Friends Union for Energising Lives (FUEL), an NGO that will provide career counseling to the youth. The skills training will be provided by an National Skills Development Corporation (NSDC) partner agency.

“As a socially responsible corporate, with the launch of our training centre in Nagpur, we aim to make more youth job-ready by counseling them on career opportunities and providing skills training needed for employment. This will enhance the employability of the youth to help them get meaningful employment opportunities. This in turn will further allow the nation to leverage the young population that India has. The initiative is in line with one of our core values–sustainability–where the objective is to create sustainable communities,” said Nusrat Pathan, Head of Corporate Social Responsibility, HDFC Bank.

Promoted in 1995 by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 37 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. The bank has emerged as a leading player in retail banking, wholesale banking and treasury operations.

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

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