Haryana
MoU to Empower Unemployed Youth
- 13 Feb 2025
- 3 min read
Why in News?
Recently, Apparel Training & Design Centre (ATDC), Gurugram, and South Eastern Coalfields Limited (SECL), Bilaspur, signed a Memorandum of Understanding (MoU) to start a vocational training program for underprivileged youth from economically weaker sections.
Key Points
- About the Agreement:
- The program aims to uplift underprivileged youth from economically weaker sections by providing skill-based training.
- CSR Initiative:
- The initiative is part of SECL’s Corporate Social Responsibility (CSR) efforts.
- A total of Rs 3.12 crore has been allocated to train 400 candidates.
- Training Program Structure:
- Non-Residential Training:
- ATDC will set up training centers for 300 candidates under the Self-Employed Tailor Program.
- Training centers will be established in SECL Bishrampur, Sohagpur, and Korba areas.
- Residential Training:
- 100 candidates will undergo a fully residential training program at the ATDC Training Center in Chhindwara, Madhya Pradesh.
- The program will provide free boarding and lodging.
- Candidates will be selected from within a 25-kilometer radius of SECL establishments.
- Non-Residential Training:
- Objective and Vision:
- Under the guidance of the Ministry of Coal, this initiative aims to:
- Empower underprivileged youth in coalfield regions.
- Create self-employment and job opportunities.
- Contribute to the vision of Viksit Bharat.
- Under the guidance of the Ministry of Coal, this initiative aims to:
Corporate Social Responsibility (CSR)
- CSR in general can be referred to as a corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare.
- It is a self-regulating business model that helps a company to be socially accountable. By practising corporate social responsibility, companies can be conscious of the impact they are having on economic, social, and environmental factors.
- India is the first country to mandate CSR spending under clause 135 of the Companies Act, 2013, with a framework for identifying potential CSR activities.
- Unlike India, most countries have voluntary CSR frameworks. Norway and Sweden, which have moved to mandatory CSR provisions, began with voluntary models.
