Axis Bank has planned Plans to Spend Rs 100 Cr on Skill Development of 50,000 People in West Bengal

By | August 10, 2011

A recent press report said that Axis Bank had announced that it will spend around Rs 100 crore by the next five year period on skill growth and professional training of 50,000 individuals in West Bengal’s Murshidabad and South 24 Paraganas regions.

Mr. Shikha Sharma Bank’s Managing director and chief executive of the Axis foundation’s plan for the next five years would be to work to provide sustainable livelihoods in the most needy and excluded districts of the country, ensuring that at least 60% of the beneficiaries are women.

Reports said that the project will offer up sustainable employment alternatives to recipients by skill improvement training and donation of any two fixed assets.

Reports added saying that ABHA, a combined scheme of Axis Bank Foundation and local non-governmental organization Bandhan-Konnagar, was set up in the South 24 Parganas region by Reserve Bank Deputy Governor K C Chakrabarty, in the company of Sharma and Bandhan’s founder and mentor Chandra Shekhar Ghosh.

The bank has also planned to tie up with Bank Albilad which will open up the Saudi Arabia to India remittance corridor for Axis Bank. The bank offers various products and services in the country and is familiar for its loan products such as Axis home loans, Axis Personal loan, Axis car loan etc.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Articles Glossary Tags: , ,

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *