SBI Empowers Rural Youth via Jagriti Yatra 2024 for India’s Growth Vision

 

Mumbai: "State Bank of India" (SBI), the largest bank in the country, has entered into a partnership with "Jagriti Yatra 2024", a pioneering 8,000-km, 15-day entrepreneurial journey across India's Tier 2 and Tier 3 regions. Through this collaboration, SBI aims to create opportunities for 500 young aspirants to explore entrepreneurial avenues, receive mentorship from experts, and gain practical, hands-on learning experiences. The initiative is part of SBI's broader commitment to fostering a self-reliant India and contributing to the vision of a 'Viksit Bharat' by 2047.

As part of its ongoing efforts to encourage entrepreneurship across the nation, SBI has taken several initiatives to support aspiring innovators:

• 152 Rural Self Employment Training Institutes (RSETIs) have been established, focusing on skill development and the training of rural youth to build micro-enterprises. These institutes have successfully trained over 11.5 lakh candidates, with 74% of them establishing self-employment ventures.
• SBI's Self-Help Group (SHG) loan portfolio exceeds ₹50,000 crore, benefiting over 1 crore women members and making the bank a leader in this segment.
• The bank has disbursed over ₹49,000 crore in Mudra loans and approximately ₹1,550 crore in PM SVANidhi loans during FY24, supporting sustainable entrepreneurship and economic empowerment.

Shri Rana Ashutosh Kumar Singh, Managing Director of SBI, remarked: "At SBI, we believe that entrepreneurship is the cornerstone of a self-reliant and progressive India. Our partnership with Jagriti Yatra aligns with our vision of empowering young entrepreneurs with the skills, resources, and opportunities they need to drive growth and innovation. We aim to contribute to a thriving entrepreneurial ecosystem that drives sustainable development and prosperity for all."

Through this partnership, SBI continues to play a pivotal role in strengthening India's entrepreneurial ecosystem, ensuring that young innovators across the country have access to the tools and support necessary to succeed in their ventures.