Why Apprenticeships Can Reduce Loan Dependency

Dear student, life after college is an economic rollercoaster isn’t it? Fees, books rent and on top of that, the tension of loans,

Many students wonder how to escape the burden of debt and start a career. Here comes apprenticeships an awesome way where you can learn work, earn a little, and stay away from loans.

I have done research from apprenticeships of banks like SBI, ICICI to government schemes, there are many options that can make you financially independent.

I will tell you step-by-step how apprenticeships loans can reduce dependency, where to apply, and what are the challenges. Just work a little hard, and you can say bye-bye to your financial stress

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Why Apprenticeships Can Reduce Loan Dependency

Friends, apprenticeships are a game-changer These programs give you training and a stipend too meaning you don’t need to take a loan immediately after college.

For example, SBI apprenticeship gives a stipend of ₹15,000/month, which is enough for hostel and daily expenses. This allows you to use your savings or not depend on your parents’ money.

Plus, some apprenticeships provide free training so you don’t need extra course fees. A friend told me he did apprenticeship after ITI and managed his college fees for a whole year without a loan,

Just understand this through apprenticeship you can earn money by learning work and can also avoid the hassle of loan.

Benefits Of Apprenticeships For Students

Dear, there are a lot of benefits of apprenticeships First you learn practical skills which you don’t get in a degree-like how work gets done in the real-world.

Secondly, you get connected with people from the industry which is useful later for getting a job/X jobs. A friend did a manufacturing apprenticeship and got a permanent role in the company because his work impressed,

Thirdly, you get a stipend so you are a little relieved financially. Plus a certificate of apprenticeships gives you an edge in job interviews.

For example, in banking apprenticeships you can learn customer handling which is very useful in banks. All this makes you job-ready without spending extra money on courses. Just choose apprenticeship in your field and you are set for your career,

What Is The Benefit Of An Apprentice In A Bank?

Apprenticeship in a bank is absolutely great, You learn banking operations, customer service, and financial management, which are perfect for future bank jobs.

Banks like SBI and ICICI give stipend ₹15,000/month in SBI and around ₹10,000–₹15,000 in ICICI. This money covers daily expenses, so there is less tension about taking a loan.

Plus, you get a certificate after completing apprenticeship which has weightage for clerk or officer jobs. An example:

One of my friends was an apprentice in ICICI, after training he got priority for interview in the bank. Just stay a little focused and you will be ready for a banking career

Challenges Of Being An Apprentice

Friend, some hard work is required in apprenticeship The biggest challenge is the stipend-it is less than the salary of a full-time job, like ₹15,000/month in SBI. Secondly,

It is temporary, for 1–3 years, and there is no job guarantee. Sometimes it becomes tough to balance work and learning, there is a little stress too.

A friend told me that he had to do 10-hour shifts in a factory and he was fine. But all this is manageable if you plan-like manage your time focus on skills, and learn from seniors.

After a little hard work, your resume will become solid, and your job chances will increase in the future!

SBI And ICICI Apprentice Salary

In SBI apprenticeship the stipend is ₹15,000/month in the first year and can go up to ₹19,000 if it is extended for 3 years.

Exact data of ICICI is not available, but according to industry sources it is ₹10,000–₹15,000/month, depending on the location.

SBI’s stipend is fixed and reliable but there is flexibility in ICICI’s programmes like project-based work.

Example: my cousin was an SBI apprentice he covered the entire rent and expenses through stipend. A certificate is given in the programmes of both the banks, which gives weightage to the jobs.

Just keep your documents ready, and while applying, do some preparation for the local language test!

Does Apprenticeship Guarantee A Job?

Student, to be honest apprenticeship does not guarantee a job but it makes your resume very strong, One gets relaxation for clerk recruitment in SBI if you have been an apprentice.

ICICI programs also impart skills which are useful in private banks. A friend gave clerk’s exam after SBI apprenticeship and got preference.

But it depends on you-do networking, learn skills and prepare for interviews. Apprenticeship is a stepping stone it does not guarantee but if done correctly the job chances increase a lot,

How To Find And Apply For Apprenticeships

So finding apprenticeships is easy if you do a little research, Check websites like sbi.co.in icicicareers.com or apprenticeshipindia.gov.in

The government’s NAPS (National Apprenticeship Promotion Scheme) also has many options. Keep your resume ready for application, check the eligibility like for SBI, graduation and 20-28 age is required.

There is a local language test, so do a little preparation. A friend applied for SBI online just filled the form and got selected within 2 months,

Tip: Keep in mind the deadlines and clearly mention your skills in the application. Join groups on social media you get updates from there too. Work hard a little, and you are all set for apprenticeship,

Opinion Is Apprentice A Good Career Move?

Dear Student, I think apprenticeship is a solid start You learn work, earn some money and avoid loans what else do you need? Yes there are a few problems like no job guarantee or low stipend but these skills and experience will take you ahead.

Doing apprenticeship in banking you can increase your chances of becoming a clerk or an officer. If you are serious about your career then this is a smart move especially if you want practical experience along with your degree. Just stay focused and this can become the first step of your career!