Federeal Bank today launched its Skill Academy in the city, the second in the country after Kochi.
The academy will initially provide an in-demand CNC Machine Operator course in milling and turning, which will be certified by city-based CoIndia, cluster development project backed by both the Centre and State government, with major industries in the area, the Bank Chief General Manager and Head, Network II, D Sampath told reporters on the sidelines of the launch.
The initiative will facilitate underprivileged students to successfully complete the 3-month course that make them employable for opportunitites both in India and Abroad, Sampath said.
Stating that the initiative was part of the Bank's Corporate Social Responsibility (CSR), he said that 120 students will be trained in the first batch, which would be scaled up in the near future, considering the demand.
When asked about the funding, Sampath said that with infrastructure and lab facilities, the bank will incur an investment of Rs one crore in the first year.
Students of 18-25 years of age, who have passed plus 2, ITI/polytechnic/ Degree or Engineering drop out and whose annual family income does not exceed Rs two lakh, can apply for the course, he said.
The Kochi academy has already trained 90 persons, who are already placed and another 90 are undergoing training, Chairman of SB Global Education Centre, Balachandran, the implementing partner for thuis project, said adding that the Bank will open such an academy in Bihar, location for which is being identified.
CoIndia president, Mahendra Ramadass inaugurated the academy.
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