New Delhi : HSBC Skills for Life is a five year INR 100 crore commitment by HSBC India that will focus on employment linked skill development of disadvantaged youth, upskilling of teachers and educators, and women’s empowerment through financial education and livelihood enhancement. Under the umbrella of this programme, HSBC and Swades have forged a five-year INR 50 crore partnership that will skill many thousand disadvantaged youth across the country and indirectly impact and inspire many others.
As part of this joint programme, HSBC and Swades have announced this ‘Request for Proposal’ seeking proposals that will focus on employment linked skill development of disadvantaged youth. The grant available ranges from INR 25 lakhs to INR 75 lakhs, for projects with duration of 12 to 18 months.
Across the previous three grant cycles (i.e. 2016, 2017 & 2018), we have approved grants of over INR 33 crores to 68 NGOs across 21 states. NGOs registered in India as a Trust, Society or a Section 25/ Section 8 Company, and having a valid FCRA registration only are eligible to apply.
Eligibility Criteria for NGOs
The focus of the HSBC Skills for Life programme in partnership with Swades is to enable at least 30,000 disadvantaged youth to become employable and enter and sustain employment and enterprise opportunities in India in the next 5 years through skill development.
For 2019, the programme has ear-marked INR 12 crore to be disbursed as grants to NGOs for projects that skill youth and link them employment or entrepreneurship opportunities.
The programme will support skill development in 9 sectors that have incremental human resource requirements. These are – Automotive, Banking & Financial Services, Electronics & IT hardware industry, Healthcare Services, IT & ITes, Transportation and Logistics, Retail, Telecommunications and Tourism & Hospitality.
Please ensue that the projects submitted for grant caters to sectors from the list above. Inclusion of other sectors (not mentioned above) will be a clear ground for rejection of your application.
2019 funding cycle
To be eligible to apply for this grant, the organisation
Must be a registered not for profit entity in India (Society, Trust or a Section-25/ Section-8 company)
Must not be a corporate foundation/ trust
Have a valid FCRA registration
Must have a valid 12A/12AA registration
Have a valid 80G tax exemption certificate
Have annual reports for the last 3 years and audited financial statements for the last 3 years
Have filed Income Tax Returns for the last 3 years
Does not have any pending criminal/ FCRA cases against it in court
Must have at least a three year track record of implementing skills building projects or have been working with disadvantaged youth
And the proposal submitted Must benefit disadvantaged youth, defined as,
Age and gender: Young men and women between 18 – 30 years (this outer limit will be relaxed by 5 years for youth with disabilities)
Economic profile: Is classified as (a) BPL (below poverty line) by government of India and/ or (b) belongs to a household with an annual household income of less than INR 2,00,000 per annum
Location: situated in urban or rural areas
Education/ experience profile: is either in school or out of school, but currently neither in formal employment (excluding self-employment) or training. Young men and women who are self- employed will be eligible provided they fall in the socio-economic profile defined above.
Should be of a duration of 12 to 18 months.
Must request for grant between INR 25 lakhs and INR 75 lakhs. The total budget requested should not exceed 20% of the organisation’s income/ turnover in the previous year (ie; year 2016 -17). This implies; for example, an organization with a turnover of INR 2 Crore in 2017-18 can request upto a maximum of INR 40 lakhs.
Expenses budgeted from the grant towards capital/ infrastructure costs should not exceed 15% of the grant requested and must not be towards the construction/renovation of buildings/existing training centres and the purchase of land or property.
Administration costs budgeted from the grant should not exceed 10% of the grant requested.
Proposal should focus on linkages with industry for training and placement. At least 70% formal job placement is expected from the projects.
[Kindly note, 10% of the approved grant will be retained by Swades Foundation towards third party Monitoring & Evaluation costs. Please do include this in your budget.]
Click here to download the Application Pack to apply for 2019 grant or visit www.swadesfoundation.org/hsbcskillsforlife for detailed information on the programme. Last date to Apply is January 21, 2019.
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