Delhi, 15th July 2022: On the occasion of World Youth Skills Day, Capital India Finance Ltd, a technology-enabled SME Finance Platform today inaugurated its pilot Skill Development and Employment program, through its philanthropic wing, Atulya Foundation, in Mayur Vihar Phase-3, Delhi.
The 6-months long program incubated by Atulya Foundation will enable 40 youth to become employable by training them on Banking correspondence course and Soft-skills training. The syllabus of the course has been aligned with National Skill Development Corporation (NSDC) to bridge the gap between demand and supply of skilled labor force. To make them job-ready, they will be provided with a certificate which will have accreditation of NSDC. The program which is being implemented in partnership with CAF India, will facilitate linkages with industry players, to ensure smooth placement in banking and finance sector.
Commending the CSR efforts, Shri S K Narvar, Founder Capital India group, said, “The need to address the shortage of skilled workers has been felt more intensely during the pandemic. At Atulya Foundation, we are committed to bridging this gap to create a steady supply of skilled personnel, and it will be one of our key focus in the future. The pilot project will ensure young people get skill training to become employment ready. Initially, we will focus on the BFSI sector and gradually scale it up with an overall industry training perspective. Alongside building a ready talent pool, our efforts will contribute to the empowerment and upliftment of the Indian youth’s socio-economic progress in a meaningful and long-term manner.”
The intervention will focus on-boarding candidates, who have at least cleared their 12th education and preferably pursuing or completed B.Com. The project will additionally emphasize on 10-20% of youth who have dropped out of formal education. “CAF India is in a unique position to facilitate skilling and employment needs through its network of partners. This project is a step towards mitigating the household income gap, created by the pandemic by equipping the youth to future ready and employable, says Nivedita Narain, CAF CEO.