HSBC India commits INR100 crore towards HSBC Skills for life
HSBC, has committed a sum of INR100 crore towards this programme, spread over the next five years.
With HSBC Skills for Life, the bank strengthens its commitment towards skill development in India through this flagship programme that will support non-profit organisations in the following three focus areas.
· Employment linked skills development of disadvantaged young people – HSBC will work with non-profit organisations on enterprise and employment linked training wherein young people will be taught skills that can help them earn a sustainable livelihood. The programme will map demand with industry requirements and link skill building with relevant jobs. It will also develop an entrepreneurial ecosystem through collaborations with organisations working in this space.
· Upskilling of educators and teachers – The programme will focus on enhancing the skills of educators and teachers and will support different scalable models that include Train the Trainers’(TOT) approach, digitisation of content, curriculum translation into different languages etc. to scale learning and multiply impact.
Women’s empowerment through livelihood enhancement – The key focus on this vertical will be to enhance the capacities and improving the livelihood potential of rural and urban disadvantaged women through financial literacy and building entrepreneurial capabilities.
The first vertical will be launched in 2015 in partnership with Swades Foundation while the other two verticals will be initiated from 2016 onwards in partnership with other NGOs.
The programme will also facilitate exchange of learning, innovation and best practices and engage various stakeholders to broaden the ambit of discourse around skills and align it with the government’s vision of Skill India.
Stuart P Milne, Group General Manager and Chief Executive Officer, HSBC India, said: “HSBC believes that financial institutions have a role to play in building the capacity of disadvantaged young people and women, and enabling them to contribute to the economic prosperity of their local communities. HSBC Skills for Life is a flagship initiative of the Group in India that will support the ambitions of these young people and women, and provide relevant skills towards creating livelihood opportunities and making them employable."
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