Committed to Unlocking Youth Potential, Shaping Tomorrow
According to the Centre for Monitoring the Indian Economy, India’s unemployment rate is 8.11% (CMIE). Lack of access to high-quality tertiary education and a widening skills gap are cited as some of the causes behind this. The importance of skill training is regarded as one of the most important components for job creation in India, where more than 60% of the population is under the age of 25. By 2027, India will have the largest workforce in the world. Although India could benefit from the demographic dividend, we also face some tough challenges.
As per current statistics, only 10% of fresh graduates are employable; the rest of the 90% lack skills required for being eligible to be hired by corporates.
- GDP growth of US $1.97 trillion over the next decade is jeopardised due to a lack of relevant skills.
- Every year, about 3 million graduates and postgraduates enter the Indian labour force.
- Only 25% of technical graduates are regarded as employable in the IT and ITES sectors.
Graduates & PGs enter the Indian Labour Force
Population is under the age of 25
Technical graduates are regarded as employable
The unemployment rate in Telangana is around 6-8%, according to the Study IQ report. More than 40 lakh people in Telangana unemployed, including nearly 25 lakh qualified youth who registered themselves with the Telangana State Public Service Commission (TSPSC), were jobless. The state government is about to complete its second consecutive term in power but has failed to address this problem. An unemployment allowance of ₹3,016 to the jobless youth was promised by the CM in the 2018 elections but remained unfulfilled.
Youth suicides due to unemployment are a dreadful yet common phenomenon in Telangana. Due to COVID 19, many lost their jobs. The state government failed to provide the youths, who were the most important part of the telangana movement with jobs. In the state for which they sacrificed their lives, death has become the only option. The state is not able to offer a livelihood to live with dignity.
A closer look
Why is skilling important
When young people prepare to enter the workforce, acquiring life skills is of paramount importance. This is because:
- In entry-level positions, employees should possess abilities to understand, comprehend, communicate, and solve problems.
- Rather than restricting young people to one industry or job, it opens up a wide range of opportunities for them to begin their careers.
- These skills are necessary for obtaining better employment and advancing their careers.
Individuals can be empowered to solve problems by themselves when they have the right resources, support, and skills. One quick way to lift people out of poverty is to provide them with the resources to learn occupational and livelihood skills, which will, at the very least, provide them with a basic opportunity to improve their lot.
One hand, there is the ever-expanding demand in the new market economy for a skilled workforce, and on the other hand, there is the very serious problem businesses have to deal with in terms of high employee turnover, resulting in escalating investments in human resources.
Our aim: Is to bridge social and economic divides in India by significantly contributing to the development of the marginalized youth by enhancing the employability and life management skills.
At the Marri Channa Reddy Foundation (MCRF), we pride ourselves on adopting a dynamic approach to skills empowerment that goes beyond rigid, curriculum-based learning. We believe in equipping our youth with flexible, market-oriented learning modules led by competent trainers. Unlike conventional training courses that may not keep pace with the ever-changing job markets, our approach is rooted in adaptability and practicality.
How we work?
To build better, more nourishing, resilient and equitable food systems, we are adopting a systemic approach that introduces transformative solutions at every step from farmer to consumer. This method supports fair returns for the producers as well. To achieve this goal, Marri Channa Reddy Foundation is working with a wide variety of partners including international agricultural research centers and food processing industries to lead the biofortification effort.
We believe biofortification may hold the key to tackle deficiencies around malnutrition and hidden hunger. Through collective efforts around research, data generation, identification of innovative solutions and demonstrations to come forward with nutrient-rich, high-yielding varieties that are affordable and locally available, would meet the needs of poor farmers as well as transform the health of poor and rural people.
Skills We Empower
At MCRF, we are dedicated to revolutionising the way women and youth approach their futures. Through our diverse skills empowerment initiatives, powered by the Telangana Skill Development Centre (TSDC), we provide the knowledge and skills needed to unlock livelihood opportunities, thereby empowering individuals to pursue their aspirations. Whether it’s harnessing the power of the sun, embracing the electric vehicle revolution, delving into the world of fashion and design, or mastering traditional crafts, we are committed to nurturing talents and creating pathways to a brighter future for all.