IOB offers loan up to Rs.1 crore for self-employment

| | posted on:Multiple Disability

IOB offers loan up to Rs.1 crore for self-employmentTraining imparted to youth to pick up skills such as welding and electrical work, will help them become efficient entrepreneurs, said K.Baskaran, Collector, here on Tuesday.

He was speaking at a function to distribute certificates to youth who underwent a free training in welding and electrical work given by Rural Self Employment Training Institute of Indian Overseas Bank.

Commenting that the training will instil confidence into youth, the Collector said that the participants can now become self-employed without looking elsewhere for a job.

He lauded the Indian Overseas Bank for its initiative to empower youngsters.

“As the lead bank of the district, IOB has taken the lead in skill training to youth. The Rural Self Employment Training Institute is a boon for rural youth,” he added.

S.Krishna Prasad, chief regional manager, IOB, said that the bank is providing to youth interested in starting their own business a maximum loan of Rs.1 crore. The Rural Self Employment Training Institute here has so far conducted 155 training programmes and has trained 6,360 persons.

The training is conducted free of cost.

The trainees are provided with food, bus fare and materials as part of the programme.

Sessions for farmers

Training sessions to farmers on fresh water fish farming, cultivation of medicinal herbs, bamboo cultivation, poultry farming, precision farming, tissue culture techniques, poly house culture of flowers and vegetables, have been imparted by the institute.

Rural artisans

Programmes for rural artisans, transgenders, women self help group members and differently abled persons were also conducted.

P.Vetriselvan, director of the institute said that 23 were trained in air conditioning and refrigeration, 18 in house wiring and electric motor rewinding.

These youth have also passed the National Centre for Vocational Training (NCVT) examination and have been awarded with NCVT certificates.

Training was given in mobile phone servicing, tailoring, home use products, preparation of value added fish products, professional car driving, modern cultivation practices in banana, preparation of temple car decorations, making fashion jewellery, making readymade garments, making of jute products, modern dairy farm management, arc and gas welding, refrigeration and air conditioner mechanism, fresh water fish culture and ornamental fish culture.

T.Ravikumar, district development manager, NABARD, participated in the function.

Thanks : the Hindu