HDFC Bank Ltd., today launched Zero Investment Innovations for Education Initiatives (ZIIEI) to transform education in government schools across India. As part of this initiative, the bank will train 15 lakh school teachers across 12 states and union territories of India to improve the quality of education in 6.2 lakh government schools, thereby benefitting 8.3 crore students.
Education is one of the core focus areas of the bank’s Corporate Social Responsibility, where the objective is to Create Sustainable Communities. ZIIEI an initiative to introduce innovation in school education at zero additional investment – by training teachers, inviting ideas from them, and implementing the selected ideas in schools to improve the quality of education. The initiative will be implemented in partnership with Sri Aurobindo Society and state governments.
Some of the problems facing school education in India are poorly qualified teachers, very high student-teacher ratio, inadequate teaching materials, and out-moded teaching methods, leading to students lacking even rudimentary reading and writing skills.
“As a socially responsible corporate citizen, HDFC Bank has started a movement to transform the quality of education in 12 states. We want to make education accessible, effective and bring it in tune with changing times. Who better than the teachers to bring about such a change in the temples of learning? This one-of-its-kind initiative is a part of the Bank’s sustained endeavour to create a positive impact in the lives of the local populace through its Corporate Social Responsibility programme,” said Ms. Nusrat Pathan, Head – Corporate Social Responsibility, HDFC Bank.
“If the Indian education system really wants to gear up its students for the global economy in the coming years, the only way forward is to find innovation at the grassroots and scale them up to improve the quality of education. ZIIEI is an answer to this call for action and its heroes are those teachers in every corner of the country who have come up with brilliant ideas solely thorough their individual efforts. This initiative is to recognise them, to bring their best practices alive in thousands of other schools, and create an ecosystem that facilitates sharing of knowledge and skills within the education fraternity,” said Sambhrant Sharma, Director – Education, Sri Aurobindo Society.