Chennai, July 11, 2023
for Banking Financial Services and Insurance (TNASDC BFSI) plans to create at least 10,000 jobs in the State in the sector, a bulk of which will come through the Naan Mudhalvan skilling initiative.
The TNASDC’s resolve follows a recent round-table meet where the BFSI industry leaders in Tamil Nadu’s pledged their support to the government’s skilling initiatives for youth and college students. They resolved to contribute towards curriculum development, skill training, and hands-on mentoring– all of which can lead to increasing the skills index for the whole State.
At the industry round table hosted by the TN Apex Skill Development Centre for BFSI along with Top advisory firmDeloitte India, here, Dr M Jayaprakasan, CEO of Naan Mudhalvan (Tamil Nadu’s massive skilling and capability enhancement platform), and Sai Reddy, Chief Mentor for the TNASDC BFSI, highlighted the need for scaling up skill enhancement for the growing BFSI sector.
Dr Jayaprakasan said the Naan Mudhalvan initiative had done skilling intervention for over 16 lakh students across 800 plus colleges and higher education institutions in 2022-23. In BFSI sector alone more than 10,000 students had gone through various skilling courses. Over 4000 of them have placed and the proces is continuing.
He said the State wanted to increase industry participation for skilling only because the latter had deep understanding of the skill sets for each job role, function and industry specialization. “We want you to enter colleges, do skill-based courses. We are more interested in course objectives, course outcomes and skills imparted. Focus less on teaching and give more time for hands-on skilling projects so that students become more employable. The government’s sole interest making TN the Skills capital for the region,” he said and urged industry participants in the round table to focus on faculty development programmestoo, to help the college teachers support the skilling initiatives.
Sai Sumanth while highlighting the role played by TNASDC BFSI in skilling over 10,000 students and placing a few 1000s among them, complimented industry partners specifically Deloitte for providing a robust framework for skilling and evaluation of students. The TNASDC BFSI was a unique organization founded by the State Government to transform the skilling ecosystem for the sector and working on different aspects such as skilling, entrepreneurship and catalyzing the ecosystem through advocacy. Eventually the ASDC wanted to become a “centre of excellence” for all skilling in the BFSI sector in the State. This year we plan to train at least 50,000 students and make them industry ready, he said.
Biswaketan Das, CEO, Indian Institute of Banking and Finance, said the inclusive banking idea promoted by the government has created lakhs of job and self-employment opportunities. The IIFB has tied up with the ASDC BFSI to offer certifications to multitudes in Tamil Nadu.
Rajiv C Lochan, CEO of Sundaram Finance, noted that the economy was growing fast and so did the financial services sector. This meant a lot of money flow was happening across business transactions. Besides, domain and business skills, the youth should also be imbibed with values such as integrity, honesty and doing business ethically, which was important in the world of finance.
Representing Deloitte India, R.K. Ramachandran highlighted the growing interest of large business organisations in expanding their talent search to the hinterland. In collaboration with the government and TNASDC BFSI, this initiative aimed to discover talent among government colleges and offer job opportunities and paid internships. He emphasised the need for career counseling for students, enabling them to comprehend the expectations of top-ranked global enterprises.
Other industry leaders such as, Subhasri Sriram, Joint MD, Shriram Capital, G Narayanamurthy, CEO of TVS Training Services, Ashish Jhaver, Governor, Institute of Internal Auditors – Madras Chapter, G Vasudevan, National Head, Equitas Bank, expressed keenness to participate in specific modules to make the youth more employable for the BFSI sector, and in also creating awareness on the industry’s skill expectations.
Vice Chancellor of Sathyabama Institute of Science and Technology, Dr T Sasiprabha, said the deemed university was keen on providing BFSI skilling to business, commerce as well as engineering students and even foster BFSI based start-ups in the University.
More than 30 industry business, HR and learning services representatives participated in the round table.