NDB Bank, DIMO offer automotive training for youth
As a follow up to NDB Bank's recently launched NDB Jeevana livelihood
development scheme, the bank entered into a Memorandum of Understanding
with Diesel and Motor Engineering PLC (DIMO), to provide training in the
automotive industry to youth in the North and East.
Thirty youth each from Ampara and Jaffna will be selected to undergo
training for six months, covering in-house and practical training in
automotive service and maintenance skills focused primarily on TATA
Commercial Vehicles and Mahindra Tractors.
Training under the guidance of DIMO will cover a range of subjects
including automotive components, instructions on using all applicable
tools and equipment and exposure to DIMO's state-of-the-art workshops.
The training will instill skills for each trainee to handle any kind
of service for different vehicles.
CEO NDB Bank Russell De Mel said, "Having successfully enrolled 30
students in Trincomalee to undergo training in the Hospitality sector as
the initial step of Jeevana, we then pursued the idea of partnering with
a leader in the automotive industry, to offer an opportunity for the
youth in Ampara and Jaffna to be exposed to training in this industry.
As we launched this initiative with the objective of providing financial
backing and expert training on sectors that clearly contribute to the
development of our nation, we feel that the automotive field is a career
choice that would enhance the lives of the youth in these areas."
Chairman and CEO of DIMO Ranjith Pandithage said "It is our priority
to educate and train our people with the necessary skills in the
automobile industry to boost their careers.
Extending our vocational training to Ampara and Jaffna will lead to
an enhancement of lifestyles and result in the economic prosperity of
the two regions."
The 'NDB Jeevana Livelihood Training/Loan Scheme' is combined with a
special personal loan issued at a concessionary rate with a grace period
NDB Bank has targeted high demand sectors such as hospitality,
automotive, construction and nursing for students who wish to pursue
careers in these industries but lack the facilities and financial
support to do so.
The loan component will comprise an allocation for tuition and
training costs and other amenities.
It will also entail a personal accident insurance cover that covers
the training period.