14th August 2012
Srinagar
J&K Bank launches loan scheme for less skilled youth
With a view to focus on vocational education and skill development of a larger chunk of uneducated youth/school drop-outs within its area of operations, J&K Bank today launched a credit scheme titled ‘J&K Bank Vocational Education & Training Finance'.
The scheme has been tailored in the backdrop of 12th Five-Year Plan target of skilling 8 crore people across the country by the Government of India (GoI). The scheme will go a long way in supplementing the GoI's flagship schemes namely Uddan and Himayat.
Commenting on the occasion Chairman and CEO Mushtaq Ahmad said, "Our bank is at the fore front of youth empowerment and that includes less skilled and uneducated lot among them. In this regard, the Bank has already institutionalised the skill up-gradation process of such youth through a network of Rural Self Employment Training Institutes (RSETI) across the state. The trainings are designed to increase their levels of employability as per the market requirements."
He said, "J&K Bank Vocational Education & Training Finance has been tailored to meet the financial needs of such uneducated youth and school drop-outs so that they too share the benefits of financial empowerment with their well-placed peers."
The scheme envisages finances to the tune of Rs 1.50 lacs to students with admission in a vocational and skill development courses in government run or its supported companies, societies, organizations.
The scheme has been tailored in the backdrop of 12th Five-Year Plan target of skilling 8 crore people across the country by the Government of India (GoI). The scheme will go a long way in supplementing the GoI's flagship schemes namely Uddan and Himayat.
Commenting on the occasion Chairman and CEO Mushtaq Ahmad said, "Our bank is at the fore front of youth empowerment and that includes less skilled and uneducated lot among them. In this regard, the Bank has already institutionalised the skill up-gradation process of such youth through a network of Rural Self Employment Training Institutes (RSETI) across the state. The trainings are designed to increase their levels of employability as per the market requirements."
He said, "J&K Bank Vocational Education & Training Finance has been tailored to meet the financial needs of such uneducated youth and school drop-outs so that they too share the benefits of financial empowerment with their well-placed peers."
The scheme envisages finances to the tune of Rs 1.50 lacs to students with admission in a vocational and skill development courses in government run or its supported companies, societies, organizations.