Manipal Global Education Services (MaGE) ties up with Janalakshmi Financial Services to launch Janalakshmi-Manipal Institute of Financial Inclusion (JMIFI). The institute is to open in Bangalore. Ajay Maken, union minister of housing and urban poverty alleviation, inaugurated the newly opened institute.
This was a three-week residential programme which happens to cover all aspects of basic service delivery to the financially excluded. The trainers from JFS and faculty of MaGE will provide training in unison. About one thousand employees are supposed to enroll for the programme to be held in Bangalore, Maharashtra and NCR.
This collaboration has been practiced to meet financial inclusion and quality employment, the two major challenges of modern India, told Ramesh Ramanathan, chairman of JFS. It is quite a serious issue that somewhere around 500 million freshers are guessed to be hired and besides, trained by 2020. However, presently we are capable of providing training to only 10% of the total number.
Also, MD & CEO of MaGE, S Vaitheeswaran told that the courses offered in the institute will provide people basic know-how of microfinance industry. The purpose of the programme is to broaden the prospective of career and jobs in the formal sector for employees.