Hyderabad, Jun 26 (UNI) The USAID India has raised two million US Dollars from US corporates this year to support India develop academies for vulnerable people, its Director in Office of Social Development Dana Fischer said today.
Honouring ten dropouts trained by CAP Foundation here, she noted that while the Indian economy was booming, a majority of the young people lacked employable skills with over seven to eight million out of school and over 700 million earning less than 2 USD a day.
She said three million vulnerable people would be supported by USAID to undergo vocational education.
While only five to six per cent of students had access to vocational education in the country, over nine per cent of students acquired employable skills in a country like Mexico.
She noted with satisfaction 70 per cent of the underprivileged children trained by the foundation had got good ''market-driven jobs.'' UNI SM VA NS NS1836