SBI Funds Mgmt Limited partners with Ambuja Foundation to Empower Youth through New Skill Centres

SBI Funds Management (SBIFM) is pleased to announce its partnership with Ambuja Foundation to establish new skill training centres in Gandhinagar and Sanand in Gujarat, and Una in Himachal Pradesh. This collaboration aims to train and equip over 3,600 youth from these regions with essential skills over the next three years, thereby enhancing their employability across various industries.

The project is meticulously designed to cultivate a highly skilled workforce across multiple sectors, including Banking, Financial Services, and Insurance (BFSI), the services industry, and the manufacturing sector. Spanning a minimum of three years, the initiative will adopt a structured approach encompassing skill development, mobilization, placement support, and rigorous project monitoring to ensure long-term success and impact.

To address the evolving demands of the job market, SBIFM is dedicated to enhancing the skill sets of the younger generation through this project. By providing targeted, hands-on training, the initiative aims to equip participants with practical, market-relevant expertise, boosting their prospects for securing meaningful employment or pursuing entrepreneurial ventures.

The training curriculum will be meticulously designed in alignment with industry standards. For the BFSI sector, interested youth will be trained with courses approved by the National Institute of Securities Markets (NISM). The training centres will provide practical experience through roleplay, demonstrations, simulations, projects, and case studies. Trainees’ competency assessments and certifications will be awarded by relevant bodies such as NISM for the BFSI sector skill council and NSDC-approved assessment agencies for other sectors.

The goal is to enhance the skills and capacities of these youth over the next three years, enabling them to secure sustainable employment opportunities and contribute meaningfully to the economic and social development of their communities.

Emphasizing the importance of comprehensive skill development projects, Mr. Nand Kishore, MD & CEO, SBI Funds Management Limited, said, “We are confident that this collaborative project with Ambuja Foundation will establish a benchmark for skill development initiatives, creating a framework for the successful implementation of similar programs in the future. With a strong focus on underserved and disadvantaged communities, this project will ensure that these groups are well-equipped with the essential skills and opportunities needed to thrive and succeed in their lives.”

Speaking about the project, Pearl Tiwari, CEO, Ambuja Foundation said, “According to the Global Skills Gap Report, India has the second largest skills gap in the world. With increasing demand for a skilled workforce across various sectors, it is crucial to bridge this gap and prepare a job-ready youth. In collaboration with SBIFM, we have addressed several key challenges, including the skill gap. Through this partnership, we are committed to creating a lasting positive impact on the lives of more and more young people across the country.”

About SBI Funds Management Limited (SBIFM), the asset management company of SBI Mutual Fund:

SBI Funds Management (SBIFM) is a joint venture between the State Bank of India, the largest bank in India, and Amundi, Europe's largest asset manager and one of the world's leading asset management companies. SBIFM offers a diverse range of services, including Discretionary, Non-Discretionary, and Advisory Portfolio Management Services, Mutual Funds, and Alternative Investment Fund offerings. These services cater to a broad base of investors, including Retail, High-Net-Worth, Corporate, and Institutional Investors.

SBIFM was the first asset management company in the mutual fund industry to sign the CFA Institute Manager Code of Conduct and is also a signatory of the United Nations Principles for Responsible Investment (UN PRI).

SBI Mutual Fund is the leading mutual fund house in the country, managing assets under management (AUM) of approximately Rs. 10 lakh crores.

·        Our Vision: To be the most trusted and respected Asset Manager.

·        Our Mission: To be an ethical, responsive, and innovative partner in investment solutions.

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