ICICI Academy will train One Lakh youths by 2017, Says Chanda Kochhar, MD & CEO, ICICI Bank

The ICICI Academy for Skills centre at Durg has trained over 1200 students

India CSR News Network

BHILAI (Chhattisgarh): ICICI Academy and RSETIs will train over 1 lakh youths, Chanda Kochhar, MD & CEO, ICICI Bank said today.

Bhilai Center of ICICI Academy for Skills (ICICI Academy), an institute of ICICI Foundation since its launch in March 2015, the has trained over 1200 youths of Chhattisgarh state.

iciciICICI Academy for Skills (ICICI Academy) is an institute set up by the ICICI Foundation for Inclusive Growth to provide vocational training to the youth from economically weaker sections to help them earn a sustainable livelihood.

Speaking about ICICI Academy, Chanda Kochhar, MD & CEO, ICICI Bank said, “We recognized skill development as an important area of focus as part of our efforts in the nation’s socio-economic development. Bridging the critical gap between manpower availability and employability is important to provide sustainable livelihood opportunities for all to grow and prosper. With this focus, emerged the idea of setting up skill training centres across the country, and the launch of ICICI Academy for Skills in October 2013.”

chanda kochar“We took a holistic approach in our efforts and are ensuring not just job-oriented training which is provided free of cost to the underprivileged youth, but also helping the trained youth to find employment through our linkage with industry. We have significantly scaled-up our training capabilities over the years, and through the centres are providing practical training in 13 technical and office skills to the youth.”, she said.

“Today, through ICICI Academy and our Rural Self Employment Training Institutes (RSETIs), we have the capacity to train 45,000 youth annually. I am proud to say that by March 2017, we aim to achieve a milestone of training one lakh youth.”, she further added. 

Students are also trained in specific life skills such as Communication, Finance, Etiquette and Grooming which help them adapt to an organised work environment. In addition to training, ICICI Academy provides uniforms, meals and all relevant course material to the trainees. Since its inception in October 2013, ICICI Academy has set up 22 centres across the country, including 10 exclusively for the training of women. 

The Academy aims to provide relevant and practical training to the underprivileged youth in 13 disciplines. They are: Selling skills, Office Administration, Web Designing, Electrical & Home Appliance repair, Refrigeration & Air Conditioning repair, Central Air Conditioning, Pumps & Motor repair, Retail Café Operations, Paint Application Techniques, Tractor Mechanic, Lab Assistant at Diagnostic centres, Two & Three Wheeler Service Technician and Retail Sales. 

ICICI Academy reaches out to target segments through multiple channels depending on relevance in a particular geography. This includes conducting awareness programs in different communities, arranging youth counselling sessions in various parts of the state, taking the help of the state government to mobilise candidates, taking help from NGOs, evaluating referrals and walk-in candidates as well as references from employers. 

In FY 2016, over 25,000 students were trained at the ICICI Academy for Skills with women representation at 41%. Over 10,000 women were trained during fiscal 2016 in the Academy. The Academy continues to achieve 100% placement of the trained youth at various organisations including reputed corporates like Bluechip Corporate Investment Centre Limited, Infinity Retail (Croma), Eureka Forbes, Minda Furukawa Electric Pvt. Ltd, Café Coffee Day, Janalakshmi Financial services Pvt. Ltd, leading private banks and insurance companies. ICICI Academy has tied up with over 800 industry partners to provide employment opportunities to the trained youth.

The Rural Self Employment Training Institutes (RSETIs) trained over 15,000 rural underprivileged youth in FY 2016 in the districts of Jodhpur and Udaipur in Rajasthan. Women representation stood at 50% in the RSETIs. These centres impart training in skills required for the local economy and also facilitate self-employment and employment opportunities for the trained youth.

 ICICI Foundation For Inclusive Growth (ICICI Foundation)

It was founded by the ICICI Group in early 2008, with a view to carry forward and build upon ICICI Group’s legacy of promoting inclusive growth. ICICI Foundation seeks to promote inclusive growth in India by contributing to the key enablers required for widespread participation in economic opportunities in the country.

Through focused initiatives in the identified areas including primary healthcare, elementary education, skill development and sustainable livelihood and financial inclusion, ICICI Foundation is working towards building capabilities and developing innovative models that can be replicated and scaled up in future. ICICI Academy for Skills operates under the aegis of ICICI Foundation.

Also Read: ICICI Academy for Skills empowers 1200 underprivileged youths in Chhattisgarh with 100% placement

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