Banks will recruit young graduates as apprentices...

In a month, banks might hire recent graduates under the age of 25 as "apprentices." These interns would receive an honorarium of Rs 5,000 per month from banks, according to sunil Mehta, CEO of industry advocacy organization indian Banks Association, who spoke with PTI on Friday. During their internship, the interns will receive specialized training.

Action taken following Finance minister Nirmala Sitharaman's unveiling of the budget

This action was made in response to Finance minister Nirmala Sitharaman's budget announcement, which stated that the government wants to train one crore young people through internships in the top 500 corporations over the course of the next five years.

The candidate should be between the ages of 21 and 25.

Sunil Mehta clarified the role of banks in the scheme's implementation by saying, "There are many areas, like marketing and recovery, where we do not need skilled manpower." They can find work for themselves with the help of our training in those fields. According to Mehta, a candidate seeking for a "apprenticeship" should be between the ages of 21 and 25. They should also be graduates, not taxpayers, and not have attended prestigious universities like IIT or IIM.

According to sunil Mehta, some apprentices will be hired as bank workers.

In order to provide financial services to the last mile, sunil Mehta also mentioned that these interns, who can be employed for a maximum of 12 months, will be employed in other capacities, such as business correspondents. Such candidates won't "disappear" after working in banks, according to sunil Mehta, though it's possible that some of them will be hired. Mehta reported that IBA and the Secretary of the Ministry of corporate Affairs met on thursday to discuss the scheme's implementation. It can be put into practice in less than a month, he claimed. He indicated that all banks would take part in this effort, although he did not specify how many apprentices the banks would hire. He promised that the government would fully support the scheme's implementation, and this guarantee has been made.