Mumbai To increase employment in the country, the Indian Banks Association has considered taking a historic decision. It is being told that banks can come up with such a scheme for graduate students below the age of 25 years, in which these youth can be recruited as apprentices to learn the process of the bank. Sunil Mehta, Chief Executive of the industry lobby group Indian Banks Association, while giving information about this decision on Friday, said that the bank can also give a stipend of Rs 5,000 per month to such interns. During this one month period, full emphasis will be given on the skill development of these interns.
The move comes after Finance Minister Nirmala Sitharaman's budget announcement under which the government aims to provide training (internship) to one crore youth in top 500 companies in the next five years. Explaining the role of banks in implementing the scheme, Mehta said, “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.”
Candidate age should be between 21-25 years
Mehta said candidates applying for 'apprentice' should be between 21-25 years of age and should be graduates, not taxpayers and should not have degrees from top institutes like IITs or IIMs. Mehta also indicated that such interns, who can be hired for up to 12 months, will also be hired in other areas like business correspondents to take banking services to the last mile.
Government support for the implementation of the scheme
Mehta said such candidates will not “disappear” after working in banks, but there is a possibility that some of them will be absorbed as employees. Mehta said the IBA had a meeting with the secretary of the Ministry of Corporate Affairs on Thursday regarding the implementation of the scheme. He said it could be implemented within a month. He did not say how many apprentices the banks would hire, but said all banks would participate in the initiative. He said the government would also support the implementation of the scheme.
(With agency input)
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