The HSBC India recently announced the launch of HSBC Skills for life. This skill development programme aims to provide young people and women with requisite skillsets to enable them to earn a sustainable livelihood. HSBC, has committed a sum of `100 crore towards this programme, spread over the next five years. There will be three verticles—
Employment linked skills development of disadvantaged young people: HSBC will work with non-profit organisations on enterprise and employment linked training wherein young people will be taught skills that can help them earn a sustainable livelihood. The programme will map demand with industry requirements and link skill building with relevant jobs. It’ll also develop an entrepreneurial ecosystem through collaborations with organisations working in this space.
Upskilling of educators and teachers: The programme will focus on enhancing the skills of educators and teachers and will support different scalable models that include train the trainers’ approach, digitisation of content, curriculum translation into different languages etc. to scale learning and multiply impact.
Women’s empowerment: The key focus on this vertical will be to enhance the capacities and improving the livelihood potential of rural and urban disadvantaged women through financial literacy and building entrepreneurial capabilities.
The first vertical will be launched in 2015 in partnership with Swades Foundation while the other two verticals will be initiated from 2016 onwards in partnership with other NGOs. The programme will also facilitate exchange of learning, innovation and engage various stakeholders to broaden the ambit of discourse around skills.