[Grant Application] HSBC Skills for Life in partnership with Swades Foundation
Last updated on : 28 January 2016
28 January 2016

Swades Foundation has partnered with HSBC India and is inviting proposals from NGOs/ CSOs under the HSBC Skills for Life programme for skills training projects that have specific emphasis on empowering young people from disadvantaged communities.

Please visit www.swadesfoundation.org/hsbcskillsforlife for detailed information on the programme, eligibility criteria and the grant application process. The last date for submission of applications is February 19th, 2016.

More about HSBC Skills for Life in partnership with Swades Foundation
HSBC Skills for Life is a five year INR 100 crore commitment by HSBC India that will focus on employment and entrepreneurship-linked skill development of disadvantaged young people, upskilling of teachers and educators, and women’s empowerment through financial education and livelihood enhancement. Under the umbrella of this programme, HSBC and Swades Foundation have forged a five-year INR 50 crore partnership that will directly skill thousands of disadvantaged young people across the country and indirectly impact and inspire many others.

The focus of the HSBC Skills for Life programme in partnership with Swades is to enable at least 30,000 disadvantaged youth to become employable and enter and sustain employment and enterprise opportunities in India in the next 5 years through skill development. As part of this partnership, Swades Foundation has announced this ‘Request for Proposal’ seeking proposals that will focus on employment and entrepreneurship-linked skill development of disadvantaged young people.

For more information on the programme, please visit www.swadesfoundation.org/hsbcskillsforlife

Grants Available

For 2016, the programme has ear-marked INR 8 crore to be disbursed as grants to NGOs for projects that skill youth and link them to employment or entrepreneurship opportunities. The grant size available for individual project is between INR 25 lakhs and INR 60 lakhs for a project duration of 12 to 18 months.

Eligibility

NGOs who are registered in India as a Trust, Society or a Section 25/ Section 8 Company, and having a valid FCRA registration are eligible to apply. Please visit http://tinyurl.com/pz6c58rpz6c58r for detailed information on the eligibility criteria.

Skills Sector targeted through this programme

According to human resource and skill requirement reports commissioned by the National Skill Development Corporation and authored by the consulting firm KPMG, India will need close to 109 million skilled workers over the next decade across 24 identified sectors by 2022. The programme will initially support skill development in 8 sectors that have incremental human resource requirements. These are: Retail, Transportation and logistics, Beauty and wellness, Tourism, hospitality and travel, Electronic and IT hardware, IT and ITES, Healthcare, BFSI (Banking, Financial Services and Insurance). However, the programme will support skill development beyond these 8 sectors if it promotes entrepreneurship and focuses on self-employment.

For more information on the programme, please visit www.swadesfoundation.org/hsbcskillsforlife