HDFC Bank Achieves Significant Milestone in Youth Skill Development

Strategic Insights -

On the occasion of World Youth Skills Day, HDFC Bank highlighted its significant milestone of having skilled over 7.2 lakh youth across India since the inception of its CSR programme, Parivartan. The Bank's umbrella brand for all CSR initiatives, Parivartan, focuses on two key areas: skill development for employment generation and livelihood enhancement with an emphasis on entrepreneurship, particularly in rural communities. With a total of 70 active projects in Skill Development across different states, HDFC Bank's Parivartan programme is making a substantial impact on the lives of young people from diverse backgrounds.

Key Takeaways:

  • HDFC Bank's Parivartan programme has skilled over 7.2 lakh youth across India since its inception, making it a significant milestone in youth skill development.
  • The Bank has over 70 active projects in Skill Development across different states, covering multiple sectors including IT/ITeS, retail, healthcare, manufacturing, and agriculture.
  • Skill Development and Livelihood Enhancement is a key focus area of the Bank's Parivartan programme, with an emphasis on entrepreneurship, particularly in rural communities.
  • HDFC Bank's employment-generation programmes offer National Skills Qualification Framework (NSQF)-aligned certificate courses lasting three to six months, with placement rates ranging from 60 to 70 per cent.
  • The Bank has established the Parivartan Skills Academy in Jaipur, providing locally relevant training pathways leading to sustainable employment and entrepreneurship.
  • HDFC Bank aims to skill a total of 2 lakh youth in the coming years through its Parivartan Skills Academy network across India.
  • Over six lakh individuals, including farmers, self-help groups, and community-based enterprises, have benefited through Parivartan's livelihood enhancement and entrepreneurship initiatives.
  • HDFC Bank's skilling initiatives span across urban and rural areas in several states, including Andhra Pradesh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Lakshadweep, Maharashtra, Mizoram, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
  • The Bank's inclusive approach is reflected in its training of over 4,300 differently-abled persons.

Statistics:

  • 7.2 lakh youth skilled across India since the inception of the HDFC Bank's CSR programme, Parivartan.
  • 70 active projects in Skill Development across different states.
  • 2 lakh youth to be skilled through the Parivartan Skills Academy network in the coming years.
  • 6 lakh individuals benefited through Parivartan's livelihood enhancement and entrepreneurship initiatives.
  • Placement rates ranging from 60 to 70 per cent in HDFC Bank's employment-generation programmes.
  • Over 4,300 differently-abled persons trained through the Bank's inclusive approach.

Sources:

  • HDFC Bank Parivartan's CSR programme
  • National Skills Qualification Framework (NSQF)
  • World Youth Skills Day
  • Contify.com