ICICI Foundation for Inclusive Growth (ICICI Foundation) today announced the launch of ICICI Academy for Skills to provide vocational training to the youth from the economically weaker sections to help them earn a sustainable livelihood.
The launch, which marks the next step in the ICICI Group’s strategy to promote inclusive growth in India, will train 5,000 youth at eight training centres across the country in the first year of operation. The academy aims to train 15,000 youth across the country by the year 2016.
Over the past five years, the ICICI Group and ICICI Foundation have been focusing on four key areas namely education, healthcare, skill development for sustainable livelihoods and financial inclusion, enabling people to participate in the economic opportunities arising in India. These initiatives have impacted the lives of more than 10 million people across the country.
Announcing the launch, Chanda Kochhar, MD & CEO, ICICI Bank said: “India has a unique advantage in the form of its demographic dividend.
However, translating the demographic dividend into growth and prosperity requires job creation as well as enabling the youth to acquire the skills required to benefit from employment opportunities.
Through the ICICI Academy for Skills, we are making a contribution towards realising the dream of a prosperous India where every individual is equipped with the skills to earn a living and take part in the nation’s growth.”