Srinagar: J&K Lieutenant Governor Manoj Sinha on Sunday lauded the efforts of Mission Youth, Bombay Stock Exchange (BSE) and State Bank of India (SBI) for coming together to provide a vibrant medium to train and empower 5000 J&K youth in Banking, Financial Services & Insurance (BFSI) Sector.
Speaking during the launch of the second phase of Skill Development Training Program for women and youth in Banking, BFSI Sector, here at Sher-e-Kashmir International Convention Centre (SKICC) Lt Governor appreciated the efforts of Mission Youth, BSE and SBI for coming together to provide a vibrant medium to train and empower 5000 J&K youth in BFSI Sector.
In the second phase, 5000 youth from UT will be trained to tap the employment avenues in the flourishing Banking & Financial Services sector.
Emphasizing on equal participation of girls in the BFSI training programme, the Lt Governor asked the Mission Youth and BSE to ensure that 2500 young girls from the Jammu and Kashmir are enrolled in the training.
He further called for ensuring minimum participation of 200 youth from every district and focusing on those from underprivileged sections of the society, followed by systematic facilitation for starting their professional career.
Highlighting the initiatives taken by Mission Youth to transform the youth into ambassadors of peace, prosperity and development, the Lt Governor said the various programmes aimed at Livelihood Generation, Education, Skill Development, providing systematic financial assistance has led to opening new vistas for our enterprising youths, besides connecting them with various development oriented initiatives of the government.
Mission Youth has partnered with reputed institutions of the country including BSE Institute, ICICI Foundation, Ashok Leyland and Wipro with an aim to facilitate skilling of youth in various high employability potential sectors, Lt Governor said.
Despite Covid pandemic, more than 30,000 youth, including 11,600 girls, have been provided with direct livelihood means during 2021-22, he added.
Lt Governor said the recent reforms and initiatives of the government have made banking and credit facilities accessible to all.
Earlier, J&K lacked a solid mechanism for providing financial and banking literacy to the youth as banking facilities were limited to a few, he observed.
The talented youth of J&K are playing an instrumental role in making UT a star performer in the startup ecosystem. “We are making dedicated efforts to impart financial and banking education to our youth, harnessing their potential by creating an enabling environment and equipping them with skills as per requirements of the changing global market”,Lt Governor said.
The Lt Governor observed that the administration will continue to run institutional and employment oriented training programs in the UT through ‘Mission Youth’ to empower the youths of J&K.
The industrial revolution taking place in the UT and the massive private investment coming to J&K will provide 5 to 6 lakh employment opportunities to the youth, Lt Governor added.
A number of customized livelihood generation schemes including Mumkin, Tejaswini, Spurring Entrepreneurship, Rise Together, Avsar, Re-defining Paradise and Home Stay Development have already been designed for the youth of Jammu and Kashmir wherein the government is acting as facilitator for the youth to establish a sustainable livelihood in various economic sectors, it was informed.