Power Finance Corporation signs MoA for Skill Development Training of 500 unemployed youth

Mumbai: State-owned leading Non-Banking Financial Corporation (NBFC), Power Finance Corporation Ltd (PFC) has signed a Memorandum of Agreement with Indo German Institute of Advanced Technology (IGIAT) for providing financial assistance for various skilling programme. Under the MoA, PFC Ltd will provide Rs `1.44 Cr. (approx.) to IGIAT for conducting Skill Development Training for 500 unemployed youth belonging to the Scheduled Caste, Scheduled Tribe, OBC, PwD, Women and EWS categories.

PFC is undertaking this project as part of its Corporate Social Responsibility (CSR) programme. Post completion of the training program, 70% of the youth are guaranteed placement (wage/self-employment) by IGIAT.

The training will be conducted at IGIAT centers in Vizag, Andhra Pradesh and affiliated training centers in Telangana and Tamil Nadu. Beneficiaries for this program will be from Odisha, Andhra Pradesh, Telangana and Tamil Nadu. The participants will be trained under 7 job roles under The National Skills Qualifications Framework (NSQF) in various sectors such as Apparel, Electrical, Capital Goods, and Construction etc.