PUNE: YES Foundation, CSR arm of Yes Bank and Friends Union for Energising Lives (FUEL) today launched a future skills training program for disadvantaged youth.
Through the program, YES Foundation will impart training in Artificial Intelligence (AI) and Digital Marketing, along with aptitude and employability skills, to over 3,500 youth.
The initiative aims to make more youth job-ready by counseling and skilling them for careers of the future.
Honorable Cabinet Minister of Skill Development and Entrepreneurship, Maharashtra, Nawab Malik launched the initiative in the presence of Prashant Kumar, Managing Director & CEO, YES BANK; Manisha Verma, Hon’ble Principal Secretary, Skill Development Department, Government of Maharashtra; Ketan Deshpande, Founder & CEO, FUEL and Santosh Huralikoppi, Chief Mentor, FUEL.
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According to India Skills Report 2021, 45.9% of the Indian youth are employable while 85.92% of them are seeking internships to kickstart their careers. This statistic is a reflection of the competition for employment in every industry. Along with the rapid advancements in technology, new jobs are making their way to the market. Hence, futuristic skills like AI, Digital Marketing, and cloud computing are examples of the domains that require specialized training to fulfill job demands.
To create opportunities by increasing employability, YES Foundation has partnered with FUEL, which will offer youth career counseling and skills training. After completion of training, students will be provided certification jointly by FUEL and YES Foundation, along with placement assistance.
In addition to the skills training, the program will focus on:
- Increasing self-awareness of the youth through aptitude and soft skills training
- Educating them about various career paths and futuristic skills
- Helping them pursue their chosen path by connecting them with industry partners for internships/placements
“I am thankful to YES Foundation and FUEL’s initiative of supporting deprived and underserved 3500 students for skilling them in futuristic training and making them job-ready. We can convert our population into an asset through skilling and contribute to nation-building.“, said Hon’ble Cabinet Minister of Skill Development and Entrepreneurship, Maharashtra State, Nawab Malik.
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“The targeted skill-building initiative has been conceived in line with YES BANK’s belief that empowering the youth of today will secure the future of our country. Skilling youth in futuristic technology will not only offer a stepping stone to rewarding career options of the future but also go a long way in ensuring sustained economic growth and technological innovation. Aligned with the Bank’s overall CSR strategy and the global Sustainable Development Goals, the partnership with FUEL will help promote social development in the country and contribute to its economic growth,” said Prashant Kumar, MD & CEO, YES BANK.
“We are pleased to partner with YES Foundation to impact needy youth and look forward to such opportunities as we at FUEL have applied for Private Skill University therefore, we invite leading corporates of India to partner with us,” said Ketan Deshpande, Founder & CEO, FUEL.
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The Friends Union for Energising Lives (FUEL)
FUEL – Friends Union for Energising Lives, is a credible non-profit organization registered as a trust established in 2007 working in the fields of Skill Development, Career Counseling, and scholarships for disadvantaged youth of the nation under CSR initiative of various leading corporate. FUEL has trained 45000+ needy youth in futuristic skills & has guided 11 lakh students across India.
FUEL has received appreciation from the Hon’ble Prime Minister as “Champions of Change” and Hon’ble President of India for its commendable work over the years.
The YES Foundation
YES Foundation was registered in 2012 with YES BANK as its ‘Settlor’. YES Foundation follows a differentiated approach focusing on stimulating employability and entrepreneurship and promoting environmental sustainability, to bridge gaps and act as a force multiplier towards an empowered and equitable India.
YES Foundation has recently launched its five-year strategy, where we aim to inspire the youth of India to lead economic and social development by skilling themselves for market-oriented jobs and by taking to an enterprise. It aims to catalyze employment and entrepreneurship opportunities for 100,000 youth by 2026. It is aiming to achieve this by focusing on job-oriented skilling for the MSME sector and promoting entrepreneurship through nano and micro-enterprises.
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