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Banks are going to provide jobs to graduates below the age of 25 in a month. This will end the job problem of crores of graduates in the country. According to the information, this job will be in the form of apprenticeship. Sunil Mehta, Chief Executive of the industry lobby group Indian Banks Association, said on Friday that banks will pay an honorarium of Rs 5,000 per month to such interns, who will be trained in specific skills during their tenure. This step has been taken after the budget announcement of Finance Minister Nirmala Sitharaman, under which the government is aiming to provide training (internship) to one crore youth in the top 500 companies in the next five years.

What should be the qualification?

Explaining the role of banks in implementing the scheme, Mehta said that there are many areas where we do not need skilled manpower, for example marketing, recovery. We can train them in those areas and they can create employment for themselves. Mehta said that the candidate applying for apprenticeship should be between 21-25 years of age and should be a graduate, should not be a taxpayer and should not have a degree from top institutes like IIT or IIM.

Minimum 12 months of employment

Mehta also indicated that such interns, who can be hired for up to 12 months, will also be hired in other areas such as business correspondents to take banking services to the last mile. Mehta said such candidates will not disappear after working in banks, but it is also likely that some of them will be absorbed as employees.

The plan will be implemented in a month

Mehta said that IBA had a meeting with the Secretary of the Ministry of Corporate Affairs on Thursday regarding the implementation of the scheme. He said that it can be implemented within a month. Although he did not say how many apprentices the banks will appoint, he said that all banks will participate in this initiative. He said that the government will also support the implementation of the scheme.