HSBC – Skills for Life

Pinnacle Skills is a training provider for HSBC – Skills for life.

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.

The programme aligns with the Bank’s philosophy of ‘Supporting Human Ambition’ that reflects the Bank’s commitment to connect and build meaningful relationships and help every individual realise their ambitions, while creating a sense of optimism that leads to collective progress.

ESTP-NULM

Pinnacle Skills has been imparting skills training through Employment through Skill Training & Placement (EST&P) Component under NULM.

The EST&P Component under NULM is designed to provide skills to the unskilled urban poor as well as to upgrade their existing skills.

The programme will provide for skill training of the urban poor to enable them setting up self-employment ventures and for salaried jobs in the private sector. The EST&P Programme intends to fi ll the gap between the demand and availability of local skills by providing skill training programmes as required by the market.

Objectives

The broader objective of the Employment through Skills Training & Placement (EST&P) Programme is –
• To provide an asset to the urban poor in the form of skills for sustainable livelihood.
• To increase the income of urban poor through structured, market-oriented certified courses that can provide salaried employment and / or self employment opportunities which will eventually lead to better living standards and alleviation of urban poverty on a sustainable basis
• Ensure inclusive growth with increased contribution of skilled urban poor to the
National Economy.

Skill development, under EST&P is defi ned as any domain-specific demand-led skill training activity leading to employment or any outcome oriented activity that enables a participant to acquire a Skill, duly assessed and certifi ed by an NSQF-approved independent third-party agency, which enables him/her to get wage / self employment leading to increased earnings, and/ or improved working conditions, such as getting formal certifi cation for hitherto informal skills, and/or moving from informal to formal sector jobs or pursue higher education/training.

Under the Skill development programmes, three types of training can be provided:
a) Training of fresh entrants to the job market
b) Reskilling or skill up-gradation of persons already engaged in an occupation
c) Formal recognition and certifi cation of persons who have acquired skills through informal, non-formal or experiential training in any vocational trade or craft,after imparting bridge course, if necessary

PMKVY

Pinnacle Skills is a training partner of PMKVY.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) implemented by National Skill Development Corporation. The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).

The third phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) has been launched on 15 Jan, 2021 in 600 districts across all states of the country.

PMKVY 4.0 (2022-2026) draft guidelines – Click Here

DDUGKY

Pinnacle Skills has been a Project Implementing Agency (PIA) of DDU-GKY since 2018.

The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) on Antyodaya Diwas – 25th September 2014. DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.

DDU-GKY is uniquely focused on rural youth between the ages of 15 and 35 years from poor families. As a part of the Skill India campaign, it plays an instrumental role in supporting the social and economic programs of the government like the Make In India, Digital India, Smart Cities and Start-Up India, Stand-Up India campaigns. Over 180 million or 69% of the country’s youth population between the ages of 18 and 34 years, live in its rural areas. Of these, the bottom of the pyramid youth from poor families with no or marginal employment number about 55 million.