IDFC Foundation invests Rs 2.25-cr in Pipal Tree

MUMBAI: Infrastructure finance company IDFC, has invested Rs 2.25-crore for equity in vocational skills imparting company--Pipal Tree--as a part of its CSR initiatives.

IDFC Foundation made an investment in the for-profit company in its mission to skill unemployed rural youth to meet the shortfall of semi-skilled workers in infrastructure and construction sectors, IDFC's Group Director for Corporate Social Responsibility (CSR), Anupam Srivastava, said in a statement here.

This is IDFC Foundation's second investment, the statement said.

Through IDFC Foundation's support, Pipal Tree aims to train 1,00,000 rural youth from India's most backward regions over the next 5-years, it added.