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Yash Technologies, a SAP solutions and training company, has entered into an agreement with IDBI Bank and HDFC, to take care of students joining the SAP certification courses to provide ‘guaranteed placement' with funding.
“Students would get hassle-free loans as we stand guarantee for such loans. Besides, we absorb as many as 90-95 per cent of students we train,” Mr Venkat Raghavan, Head of e-Learning Solutions, told Business Line .
The 200-hour online course, which might last for 25 days spread over five months, costs Rs 2 lakh. “Last year, we trained 200 people and absorbed about 95 per cent of them. We are going to absorb 150 this year to meet human resources of the company,” he said.
“Those who are selected as employees, however, would have to work for three years in order to clear equated monthly instalments,” he said.
“Our surveys found that several students are not forthcoming to join SAP courses as they are very costly. Not getting bank loans too is a major problem. Banks are reluctant to sanction education loans for these students as they are not satisfied with prospects,” he said.
Scholarship programme
To address this problem, the IT consultancy company launched Yashasvi Bhava scholarship programme. They picked candidates after conducting an entrance test for graduates from BSc, B.Com, BCA, MCA, MCom and MBA streams.
Practicing professionals in accounting, finance, banking, audit, materials management, warehouse and supply chain management could also join the scholarship programme.
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