Major public sector lenders, Union Bank of India, Punjab National Bank and State Bank of India have joined together to set up skill development institutes in the hilly state of Uttarakhand.
The idea to set up such institutes came when CMD of Union Bank of India, MV Nair had visited Uttarakhand around two years back. The main issue that caught his eye was drain of young talent from the hills to other places in search of opportunities and jobs. This migration can be accounted mainly for lack of appropriate facilities in the state to nurture the talent of the local youth and use it to develop the state as a whole.
The efforts of Nair have now led to the approval for setting up a skill development institute there. The bank is however not the only one making the move. Punjab National Bank is also planning to open one such institute in the state mainly targetting skill development of farmers.
As a part of corporate social responsibility (CSR) activities, other banks are also looking in this domain.
"We are ready to invest around Rs 10 crore in our proposed project, through which we will try to check the scourge of migration from the hills. The chief minister is now showing a lot of enthusiasm in our project," said J P Bahuguna, deputy general manager of Union Bank here.
According to V K Srivastava, circle head of the PNB, "A majority of the people in Uttarakhand are working in the agriculture sector. We are committed to providing the best knowledge to farmers through our CSR programme."
The largest lender of the country, State Bank of India has also initiated a similar drive via the Central government's sponsored scheme in at least nine districts of Uttarakhand, said S P Kalara, assistant general manager of SBI in Uttarakhand.