Swades Foundation has partnered with HSBC India and is inviting proposals from NGOs/ CSOs under the HSBC Skills for Life programme for skills training projects that have specific emphasis on empowering youth from disadvantaged communities.
HSBC Skills for Life in partnership with Swades Foundation
HSBC Skills for Life is a five year INR 100 crore commitment by HSBC India that will focus on employment linked skill development of disadvantaged youth, upskilling of teachers and educators, and women’s empowerment through financial education and livelihood enhancement. Under the umbrella of this programme, HSBC and Swades Foundation have forged a five-year INR 50 crore partnership that will directly skill thousands of disadvantaged youth across the country and indirectly impact and inspire many others.
The focus of the HSBC Skills for Life programme in partnership with Swades is to enable at least 30,000 disadvantaged youth to become employable and enter and sustain employment and enterprise opportunities in India in the next 5 years through skill development.
As part of this partnership, Swades Foundation has announced this ‘Request for Proposal’ seeking proposals that will focus on employment linked skill development of disadvantaged youth.
Grants Available: For 2018, the programme has ear-marked INR 10 crore to be disbursed as grants to NGOs for projects that skill youth and link them to formal employment opportunities. The grant size available for individual project is between INR 25 lakhs and INR 75 lakhs for a project duration of 12 to 18 months.
An NGO can apply for multiple projects, however each application must repeat the process (online) of submission.
Eligibility: NGOs who are registered in India as a Trust, Society or a Section 25/ Section 8 Company, and having a valid FCRA registration are eligible to apply.
Skills Sector targeted through this programme
According to human resource and skill requirement reports commissioned by the National Skill Development Corporation and authored by the consulting firm KPMG, India will need close to 109 million skilled workers over the next decade across 24 identified sectors by 2022.
The programme will support skill development in 9 sectors that have incremental human resource requirements. These are – Automotive, Banking & Financial Services, Electronics & IT hardware industry, Healthcare Services, IT & ITes, Transportation and Logistics, Retail, Telecommunications and Tourism & Hospitality.
Last date to apply: 23 January 2018