Second phase of Skill Development Training Program for women and youth in Banking, Financial Services & Insurance (BFSI) Sector, was launched at SKICC.

In the second phase, 5000 youth from UT will be trained to tap the employment avenues in the flourishing Banking & Financial Services sector.

“Emphasizing on equal participation of girls in the BFSI training programme, around 2500 young girls from the UT are enrolled in the training.”

There will be minimum participation of 200 youth from every district and focusing on those from underprivileged sections of the society, followed by systematic facilitation for starting their professional career.

Highlighting the initiatives taken by Mission Youth to transform them into ambassadors of peace, prosperity and development, the various programmes aimed at Livelihood Generation, Education, Skill Development, providing systematic financial assistance has led to opening new vistas for our enterprising youths, besides connecting them with various development oriented initiatives of the government.

Mission Youth has partnered with reputed institutions of the country including BSE Institute, ICICI Foundation, Ashok Leyland, Wipro etc. with an aim to facilitate skilling of youth in various high employability potential sectors.

Despite Covid pandemic, more than 30,000 youth, including 11,600 girls, have been provided with direct livelihood means during 2021-22.

Stressing that Financial Inclusion is the key to achieving sustainable development and improving the quality of life, the recent reforms and initiatives of the government have made banking and credit facilities accessible to all.

Earlier, J&K lacked a solid mechanism for providing financial and banking literacy to the youth as banking facilities were limited to a few.

The talented youth of J&K are playing an instrumental role in making UT a star performer in startup ecosystem. A dedicated efforts is required to impart financial and banking education to our youth, harnessing their potential by creating an enabling environment and equipping them with skills as per requirements of the changing global market.

The industrial revolution taking place in the UT and the massive private investment coming to J&K will provide 5 to 6 lakh employment opportunities to the young generations.

A number of customized livelihood generation schemes including Mumkin, Tejaswini, Spurring Entrepreneurship, Rise Together, Avsar, Re-defining Paradise and Home Stay Development have already been designed for the youth of Jammu and Kashmir wherein the government is acting as facilitator for the youth to establish a sustainable livelihood in various economic sectors.

There is a need to develop end-to-end digitization of the Banking and Financial Training being provided to the youth, besides developing an ecosystem of substantial lending to support self-employment, and creating a higher level of employment generation.

I congratulate all the career aspirants in the BFSI sector for the new programme launched. Under this programme, out of the 5000 youths, 2450 will be provided training this year.

BFSI training programme will carry the concept of ‘Earn while you Learn’ to the young student community.

Courtesy : BK News Service

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