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THE MUTHOOT GROUP TO PROVIDE SKILL DEVELOPMENT TRAINING IN HARYANA WITH CENTUM FOUNDATION

131 year old financial conglomerate to provide employability linked skill development training free of cost to 500 underprivileged youth of Faridabad

Faridabad, Haryana, 17th July, 2017: The Muthoot Group, one of India's leading business conglomerates with a family business legacy of over 800 years and financial services arm of over 130 years, launched its Muthoot Skill India project in association with Centum Foundation, the CSR arm of Centum Learning, a Bharti Group company, to impart employability linked skill development training to the underprivileged youth in Haryana.

The first Muthoot Skill India Centre was also inaugurated on the same day in Tigaon Village of Faridabad. The centre has been built in an area of over 4000 sq. ft. and is equipped with all state- of the –art equipment required for conducting trainings.

Under the project, free of cost skill training will be provided to 500 underprivileged individuals in courses like Sewing Machine Operator, Call Centre Executive and General Duty (GD) Assistant/Nursing Assistant in the villages of Faridabad.

Muthoot Skill India aims to make these individuals self-reliant as it will not only impart employable skills to them but also facilitate wage employment as well as self-employment. Those opting for self-employment will be assisted in starting their own businesses. The project also aims at encouraging entrepreneurship and thereby contributing in the national cause of make in India.

Speaking on the occasion, Shri M G George Muthoot, Chairman, The Muthoot Group said "I am very happy to announce our Muthoot Skill India project under which we will set-up Skill Development Centres to provide vocational training to the economically weaker sections of the society. This initiative is an important part of The Muthoot Group’s larger vision of enriching lives of the masses while contributing back to the society. This project is also special to us because it supports and strengthens our commitment to the growth of our nation.”

Shri Sanjay Bahl, Managing Director & CEO - Centum Learning further added, "Centum has been taking up philanthropic causes to provide employability related trainings to underprivileged youth across the country. We are privileged to be associated with The Muthoot Group for this very potent initiative in this part of India. Such partnerships would help achieve the vision of bringing sustainable transformation in the country’s prevailing employment scenario.”

Shri Alexander George Muthoot, Deputy Managing Director - The Muthoot Group stated, "At The Muthoot Group, we have always endeavoured to contribute to the society in sustainable ways through our Corporate Social Responsibility (CSR) and Individual Social Responsibility (ISR) initiatives. I am very glad to flag-off this new project towards the larger cause of skilling young Indians and making them self-reliant. I am confident that this modest step will contribute in a big way towards creating inclusive growth in the country.”

Since its inception, The Muthoot Group has been providing quick and easy finance to the underserved and unbanked masses of the society and this initiative of the company furthers its objective of facilitating Sustainable Financial Inclusion across rural and semi urban areas of the country. The Muthoot Group decided to join hands with Centum Foundation, a part of skilling major Centum Learning, owing to its vast experience in the domain for over a decade across 15 countries. Centum is the largest partner of the National Skill Development Council (NSDC).

About Centum Foundation:

Centum Foundation, the CSR arm of Centum Learning, is engaged in carrying on social and charitable activities of national importance including vocational training across India. Centum Learning is a leading organization in the global skills development and vocational training landscape. An ISO 9001:2015 certified company, its mission is to improve business productivity and enhance youth employability. Centum Learning, with over 1400 learning and development specialists and their domain expertise in 21 industry verticals, has skilled more than 1.2 million people across 15 countries including India and 14 countries in Africa. It operates out of over 130 centres and close to 1136 schools in rural and urban locations.

Centum Learning has successfully partnered Central and State Ministries, Central Board of Secondary Education-CBSE, Public Sector Enterprises and more than 350 corporates such as Delhi Airport, Bharti Airtel, Genpact, National Bank of Kenya, Lafarge Cement and Maruti Suzuki. In India, Centum Learning has set up Centum WorkSkills India, in partnership with NSDC to enhance the skills of 12 million youth across the country.

Centum Foundation has conducted programs impacting national issues in the field of environment protection, women welfare and empowerment, vocational training and health awareness. Centum Foundation implements skilling programs using the technical guidance and expertise of Centum Work Skills India Limited (CWSI) which holds huge experience in the field of vocational skilling, livelihood creation, education and women empowerment.

For more information please visit:www.centumlearning.com

why us

We are India's No.1 - Most Trusted Financial Services Brand, according to the Brand Trust Report 2018, 2017 & 2016 consecutively. We are also the largest Gold Financing Company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). We provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time-frame, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

  • 25000

    Employees

  • 4500+

    Branches spread over 23 states and 6 Union Territories

  • 6 million

    Customers in our portfolio

  • 131 year

    Existence