Mangaluru, May 25, 2015 : Reports intimate that Corporation Bank has opened its ’Self Employment Training Institute’ (COBSETI) in Kudige village of Kodagu district.
The institute will provide skill-based training and two-year post-training support to unemployed youth. Bank Chairman and Managing Director S.R. Bansal inaugurated the institute in the presence of MLAs K.G. Bopaiah and Appachu Ranjan.
The institute has come up on 0.85 acres provided by the State government. The bank has invested Rs. 2.22 crore on the building and other infrastructure.
The youth will also be provided free boarding and lodging facilities during the training period.
The trainees are provided with post training support for a period of two years, so as to provide requisite guidance and facilitation towards enabling them to settle independently. Speaking on the occasion, Chairman Bansal, pointed out that Corporation Bank was the first scheduled bank to commence commercial banking operations in Kodagu district. The bank would further expand its presence in the districts.
The institute aims not only to help resolve unemployment, but also to stem the migration of youth to urban areas in search of livelihood. The institute will offer soft skills training to the youth to take up self-employment or set up their own business unit. The two legislators urged the local youth to make the best use of the institute and lauded the bank’s services in the district.