World Bank clears USD 250-million loan for Skill India Mission
26th June, 2017Category:
The World Bank has cleared a USD 250-million (Rs 16.11 billion) loan to make Indian youth more employable through reskilling, in a move that will aid the Skill India mission, PTI reported.
Under the skill development programme, individuals between the ages of 15 and 59, whether underemployed or unemployed, will receive training. Training will also be provided to 1.2 crore youngsters in the age group of 15 to 29 years who enter the labour market every year. The six-year programme will also provide placement and entrepreneurship opportunities to women and increase their exposure to skill training. An official skill gap analysis suggests that India will require an additional 109 million skilled workers in 24 key sectors by 2022.
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