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The bank will provide employment to graduates below the age of 25 within a month. This will solve the employment problems of millions of graduates in the country. According to the information, this work will be on an apprentice basis. Sunil Mehta, executive director of the industry lobby group Indian Banks Association, said on Friday that banks will give an honorarium of Rs 5,000 per month to the interns who will be trained in specific skills during their tenure. This move was taken after Finance Minister Nirmala Sitharaman’s budget announcement, according to which the government aims to provide training (internships) in top 500 companies to one million youth in the next five years.
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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 and recovery. We can give them training in those areas and they can create employment for themselves. Mehta said the age of the candidate applying for the apprenticeship should be between 21 and 25 years and he should be a graduate, should not be paying taxes and should not have a degree from top institutes like IITs or IIMs.
Minimum work 12 months
Mehta also said that such interns, who can be hired for up to 12 months, will also be hired in other areas, such as business correspondents to carry out last-mile banking services. Mehta said that these candidates will not disappear after working in the banks, but there is also a possibility that some of them will be absorbed as employees.
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The plan will be implemented within a month.
Mehta said the IBA held a meeting with the Secretary of the Ministry of Corporate Affairs on Thursday regarding the implementation of the scheme. He said it can be implemented within a month. Though he did not specify how many trainees the banks would employ, he said all banks would participate in this initiative. He said there will also be government support for the implementation of the scheme.
