NIIT launches BFSI and financial literacy programmes for underserved communities across Delhi, Tamil Nadu

NEW DELHI: Non-profit organisation NIIT Foundation, in partnership with HDFC ERGO General Insurance company, introduced two training programmes in Banking, Financial Services, and Insurance (BFSI), and Financial Literacy for underserved communities. The initiative was started in June 2024 with an aim to impact placement opportunities for 4,500 beneficiaries across Delhi and Tamil Nadu.

According to the official notice, while the BFSI training programme targets to impact 500 participants between 20 to 30 years of age, the Financial Literacy programme will impact 4,000 participants between 18 to 60 years of age.

The two programmes, which will be conducted through the NIIT Foundation, will impact 4,500 participants by the end of the current fiscal year, states the official notice.

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BFSI, financial literacy programmes

The BFSI programme aims to provide comprehensive training to participants followed by complete assistance in securing employment opportunities.

On the other hand, the Financial Literacy programme aims to educate participants with financial skills and knowledge with the help of practical insights into financial planning and management, and understanding of insurance products.

The Financial Literacy training aims to equip participants from the underserved community with the necessary tools so that they can eventually make informed financial decisions and break the cycle of poverty, the official notice said.

Charu Kapoor, country director at the NIIT Foundation, highlighted the importance of partnership. She said: “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. Recognising this, NIIT Foundation is pleased to be partnering with HDFC ERGO…”

Anuj Tyagi, the chief executive officer of HDFC ERGO, also said: “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 both ending the cycle of financial insecurity… (and) empowering them to build a secure and prosperous future”.