Ambuja Cement Foundation and AU Small Finance Bank, a retail bank have signed a Memorandum of Understanding (MoU) to establish a Skill Training Institute by the name of ‘AU Skills Academy’ in Jaipur district. By May 2020, it has committed to provide support and training to 1,130 youth ensuring employment to at least 75% of the trained youth to secure a brighter future for them.
This partnership will empower the youth by helping them gain employment and entrepreneurship opportunities through a variety of vocational skill training courses in the field of Retail Sales, Office Assistance, Customer Relationship Management (CRM), and Hospitality & Tourism.
Ambuja Cement Foundation has helped upskill young individuals through 29 of its Skill and Entrepreneurship Development Institutes (SEDI) across 10 states of India. It has trained more than 45,000 Rural Youth, with a placement rate of 75%.
Pearl Tiwari, Director and CEO of Ambuja Cement Foundation, said, “In order to bridge the skill gap in our economy, it is important to enable youth with skill training opportunities, thereby equipping them for jobs as well as self-employment.”
Manoj Tibrewal, Group Head, AU Small Finance Bank, said, “We focus towards enhancing the social and economic well-being of the society. We will provide quality training to the youth along with placement opportunities, which will help them enhance their livelihoods.”
Last year in September, these two organizations developed a SEDI centre in Jaipur to impart vocational training in the field of banking and finance to the youth from nearby villages. In its first batch, a total of 50 students had enrolled for the program and it was the success of this program and the demand for trained youth from the industry that has given birth to this new initiative – AU Skills Academy.