Banks are mulling to hire graduates under 25 years of age as apprentices in a month. The move follows a budget announcement by Finance Minister Nirmala Sitharaman, under which the government is targeting to provide internships at top-500 companies for up to 1 crore youth over the next five years.

The scheme is likely to be implemented within a month.

Stipend

Lenders will be paying a stipend of Rs 5,000 a month to such candidates who will get trained on a specialised skill set during the stint, industry lobby grouping Indian Banks Association’s chief executive Sunil Mehta told news agency PTI.
Explaining the banks’ role in implementing the scheme, Mehta added, “There are a lot of areas where we don’t need any skilled manpower for example marketing, recoveries. We can give them training in those areas and they can create employment for themselves.”

Eligibility

The candidates applying for apprentice should be a graduate between 21-25 years of age, should not be a taxpayer and must not possess a degree from top institutions like IIT or IIM, Mehta said.

Posted By: Riya News Portal
Copyright © Riya News Portal 2024