Shahani Academic & Global Empowerment (SAGE) Foundation, a non-profit trust focused on skills training, is pleased to announce that JP Morgan will donate Rs.17 crore ($2.25 million) to help train and upskill 4,800 graduates from economically disadvantaged backgrounds.

The grant will be utilized to teach new skills in the Banking and Financial Services Industry (BFSI) using advanced technology and innovative concepts with the aim of meeting the evolving needs of employers. This is the second grant that SAGE Foundation has received from J.P. Morgan.

The BFSI sector is investing heavily in technology and the digitalization of its products and services, creating a demand for individuals with specific skills and talents along with practical knowledge of the industry.

The Foundation will adopt innovative teaching methods to enable underprivileged youth to get entry-level jobs. This will be achieved through a blended learning model, a combination of on-line and classroom courses that develop students’ communication, sales, and problem-solving skills while providing them with the necessary domain knowledge.

The Foundation will collaborate with its training arm Smart Institute for skills training.