NIIT Foundation, a leading non-profit organization dedicated to empowering individuals via education and skill development, has recently launched its latest initiative, in collaboration with HDFC ERGO General Insurance, one of India’s premier general insurance firms, to introduce two impactful training programmes aimed at fostering economic empowerment and financial literacy among underserved communities.
The initiative, which commenced in June 2024, NIIT Foundation and HDFC ERGO undertake two essential programmes, which include training in Banking, Financial Services, and Insurance (BFSI) with placement opportunities for successful candidates and Financial Literacy training – aiming to impact 4,500 individuals across Delhi and Tamil Nadu.
The BFSI training programme aims to impact 500 participants aged 20 to 30 by providing them with comprehensive training in the segment, followed by complete aid to secure meaningful work possibilities after completing the training. Simultaneously, the Financial Literacy training programme intends to educate and empower 4,000 individuals with essential financial knowledge and skills via practical insights into financial planning, management, and understanding of insurance products. The programme is open to people of all ages, accommodating citizens between 18 and 60 to equip participants with the necessary tools to make informed financial decisions and uplift individuals, particularly those from underserved communities, to break the cycle of poverty.
Charu Kapoor, Country Director of NIIT Foundation, shared about the partnership:
Reports suggest that despite the BFSI industry’s exponential growth, our workforce still lacks 50% of the skills that are prerequisite for the BFSI segment[1], making upskilling an integral component. Recognizing this, NIIT Foundation is pleased to be partnering with HDFC ERGO to further our efforts in not only bridging the skill gap in the BFSI industry but also improving financial literacy among underserved communities, equipping individuals with the necessary skills and knowledge to thrive in today’s dynamic economic landscape.
The training programmes, which will be conducted through NIIT Foundation’s established network of training centres, target to impact 4,500 individuals by the end of the current fiscal year, fostering a culture of financial literacy and empowering individuals via the necessary skills required to excel in life.
Anuj Tyagi, CEO & Managing Director of HDFC ERGO, said:
Learning is the new currency, and skill will be the primary differentiator in the future. At HDFC ERGO, the future is here and now. VidyaaVriksh is a step towards realizing that. By combining our expertise in the insurance domain with NIIT Foundation’s training reach, our collaboration aims to make a significant difference in the lives of thousands of individuals – aiding them in ending the cycle of financial insecurity and empowering them to build a secure and prosperous future.
NIIT Foundation has been delivering projects ranging from customized CSR activities, school programmes, college collaborations, community initiatives, career and skill development courses, digital literacy and financial literacy programmes. Its educational programmes also focus on enabling girls’ access to education and a career. All the programmes are interactive and are designed to reach out to beneficiaries ranging from the age group of 6-60 years. In addition, the NIIT Foundation supports other NGOs by providing training support and building their capacity.
