American multinational investment bank and financial services holding company, JP Morgan, will be donating Rs 17 crore, that is, about $2.25 million, to provide training to 4,800 graduates from economically weaker sections. The donation will help upskill these youth for the Banking and Financial Services Industry (BFSI), using the latest technology and concepts.
The training will be carried out in collaboration with the Shahani Academic & Global Empowerment (SAGE) Foundation, which is a non-profit trust dedicated to skill training.
Underprivileged graduates will be trained by SAGE using innovative training methods so that they bag entry-level jobs in the BFSI sector.
The BFSI sector has been spending heavily on technology and digitisation of late, and requires people with specific skills and practical knowledge of the industry. With the financial support by JP Morgan, SAGE and its training wing, Smart Institute for Skills Training, will use a combination of online and classroom courses to develop the communication, sales and problem-solving skills of students, even while equipping them with necessary domain knowledge.
This is the second time that SAGE has received a grant from JP Morgan for the betterment of education and skill training. The funds will be used to help students achieve their full potential, so that they find suitable employment in the BFSI sector.
The programme is expected to fill the gap that exists between the skills that job-seeking youth possess and the skills that employers in the BFSI require. The initiative will also give the much-needed push to the underprivileged youth to acquire training and build a future.