SBI Funds Management Limited (SBIFM) has partnered with Ambuja Foundation to establish skill development centres in Gandhinagar, Sanand (Gujarat), and Una (Himachal Pradesh). The three-year initiative aims to equip 3,600 youth with industry-relevant skills, targeting sectors like Banking, Financial Services, and Insurance (BFSI), manufacturing, and services.
Key Features of the Initiative
- Target Beneficiaries: Youth from underserved communities, focusing on employability and entrepreneurship.
- Curriculum: Courses aligned with National Institute of Securities Markets (NISM) standards for BFSI, and NSDC-approved programs for other sectors.
- Practical Training: Roleplay, simulations, case studies, and hands-on projects to ensure market readiness.
- Certifications: Competency assessments by NISM and NSDC-approved agencies to validate skills[.
Nand Kishore, MD & CEO, SBIFM, “This collaboration will set a benchmark for skill development, focusing on disadvantaged communities to ensure they thrive in competitive industries.”
Pearl Tiwari, CEO, Ambuja Foundation. “India has the world’s second-largest skills gap. This partnership addresses critical challenges, preparing youth for emerging job markets.”
Why This Matters
- Economic Impact: Enhances employability, reduces migration, and boosts local economies.
- Industry Alignment: Addresses skill shortages in high-demand sectors like BFSI and manufacturing.
- Sustainability: Rigorous monitoring and placement support to ensure long-term success.
Key Highlights:
- Partnership Goals: Train 3,600 youth across Gujarat and Himachal Pradesh in BFSI, manufacturing, and services.
- Skill Development: NISM-aligned courses and NSDC-certified programs with practical training modules.
- Leadership Vision: Focus on underserved communities to bridge India’s skills gap and foster economic growth.
- Long-Term Impact: Sustainable employment opportunities through rigorous monitoring and industry partnerships.