The Hindu Business Line : 5 banks in AP launch institute to develop entrepreneurship

Industry & Economy - Entrepreneurship
Money & Banking - Public Sector Banks
States - Andhra Pradesh
5 banks in AP launch institute to develop entrepreneurship

Rural youth to be trained in emerging areas

– P.V. Sivakumar

The Chief Minister, Dr Y.S. Rajasekhara Reddy, at the launch of the bankers’ institute for entrepreneurial development in Hyderabad on Tuesday. Beside him is Mr K. Ramakrishnan, Chairman and Managing Director , Andhra Bank . At left is Mr Kalyan Mukherjee, Executive Director of Andhra Bank.

Our Bureau

Hyderabad, Oct. 9 A consortium of five banks, the Andhra Pradesh Government and the National Bank for Agriculture and Rural Development (Nabard), has set up the Andhra Pradesh Bankers’ Institute of Rural and Entrepreneurial Development. It was launched here today.

The Institute, a first of its kind in the country, will provide support to rural youth in equipping themselves with skills, especially in sustainable technologies and employment generating sectors.

The consortium members are Andhra Bank, Canara Bank, Indian Bank, Indian Overseas Bank and State Bank of Hyderabad. The State Government will provide 17 acres land on the outskirts of the city to set up the facility.

Till the permanent facilities come up, the Institute will function out of the Andhra Pradesh Academy for Rural Development.

The Chief Minister, Dr Y.S. Rajasekhara Reddy, formally launched the first batch of the inaugural training programmes in apparel manufacturing and home nursing courses at a function.

The Chairman and Managing Director of Andhra Bank, Mr K. Ramakrishnan, in his address highlighted the main features of the institute.

The institute, in association with the national and State level institutions, will offer courses in the emerging areas once the required infrastructure is put in place.

The State Rural Development Minister, Mr G. Chinna Reddy, wanted the institute to be permanently located on the APARD campus as it would provide access to various other institutions in the vicinity.