Crisis: As per McKinsey Report 2015, only 4% of Indian women reach senior management level as against 11% in other parts of Asia. Often, qualified girl students from lower income communities are unable to get quality jobs as they lack relevant exposure, skills and role models to help them navigate the complexities of a corporate life.
Katalyst, the organization's flagship program, believes that investing in a girl's education is the most effective way of reducing poverty.
Program: Girl students pursuing professional courses like Engineering, Architecture, Medicine, Chartered Accountancy, having a good academic track record, and whose annual family income is <₹5 lakh are covered under the program. Salient Features: 1) 600 hours of blended learning and skill development; 2) One-to-one mentoring; 3) Financial support; 4) Assistance with internships; 5) Industry exposure and corporate visits; 6) Access to best in class technology; 7) Health insurance cover for the student and her mother.
Outcome: 1) So far, Katalyst has impacted lives of 900 students and currently, 550 girls are enrolled in the program. 2) 500 alumni are either placed in companies or are pursuing post-graduation. 3) They earn an average starting salary of ₹5.5 lakh p.a. as against total family income which is much lower.
Income Rs5 cr
Expense Rs5 cr
Source : Audit Report 2018
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