EQUIPPP Signs MoU with Young India Skills University to introduce BFSI Skill Development Program

In a significant step toward enhancing employability and skill development for the youth of Telangana, EQUIPPP has signed a Memorandum of Understanding (MoU) with Young India Skills University. This collaboration aims to introduce the BFSI Skill Development Program, designed to provide industry-relevant skills and job opportunities in the Banking, Financial Services, and Insurance (BFSI) sector for students in Telangana.

The MoU exchange took place today in Hyderabad between the Vice Chancellor of Young India Skills University, VLVSS Subba Rao, and EQUIPPP's Whole-Time Director, Vindhya Dronamraju. Key leaders from the BFSI Consortium, including Ramesh Kaza, Rajesh Balaraju, and Ravi Tangirala, were present, reflecting the consortium's commitment to supporting the program's implementation.

The BFSI Skill Development Program across colleges in Telangana and the EQUIPPP Skill Portal were recently launched by Hon'ble Chief Minister Shri Revanth Reddy, with the aim of training 10,000 students each year over the next three years. This MoU aligns with the program and offers an accelerated track for students.

Skilling remains a top priority for the newly formed Telangana Government. In alignment with this vision, the government established Young India Skills University to offer a range of industry-aligned programs for the state's youth, utilizing a Public-Private Partnership (PPP) model.

Through this MoU, EQUIPPP will introduce the BFSI Skill Development Program in collaboration with its implementation partner, the BFSI Consortium (AIBFSIC Innovation Foundation). This program will provide targeted training and job placement opportunities for Telangana's youth at no cost to students or the university. The EQUIPPP Skill Portal will play a key role in tracking student outcomes, monitoring impact, and facilitating placements.

A Holistic Approach to Skill Development and Social Impact

Beyond the BFSI program, EQUIPPP and Young India Skills University plan to leverage the MoU to identify, integrate, and launch various programs in collaboration with industry partners. The partnership will focus on:

- Facilitating fundraising and CSR support,
- Monitoring alumni outcomes and impact,
- Offering technology solutions for efficient program delivery,
- Fostering strategic networking and partnerships,
- Conducting knowledge sessions and awareness activities.

Speaking on the occasion, Vindhya Dronamraju emphasized the importance of this partnership in transforming the skill development landscape in Telangana. "This collaboration with Young India Skills University aligns with EQUIPPP's mission to drive meaningful social impact through Public-Private Partnerships. The accelerated BFSI Skill Development Program is just the beginning of our journey together, and we are planning to curate and introduce courses from various domains in the coming days," she stated.

The MoU marks the commencement of the accelerated BFSI Skill Development Program, and admissions will soon open for eligible students. The initiative is positioned as a no-cost offering to both students and the university, ensuring accessibility and alignment with industry needs.

Further information about the program and upcoming admissions will be available on the Young India Skills University website.

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The stock hit an intraday high of Rs. 21.90 and intraday low of 21.40. The net turnover during the day was Rs. 42442.00.

Source : Equity Bulls

Keywords

EQUIPPP MoU YoungIndia SkillsUniversity BFSI SkillDevelopmentProgram