Focus on project management

The World Bank has signed a US$74 million loan agreement with for Uttarakhand Workforce Development Project in New Delhi on 18 Sept 2018.

The IBRD Credit is for a project to improve the quality and relevance of training at priority Industrial Training Institutes (ITIs) and to increase the number of labor-market-relevant workers through short term training in Uttarakhand.

The Project has three components: (1) Improving the quality and relevance of ITI Training; (2) Increasing the number of skilled workers certified under National Skills Qualification Framework (NSQE) – Compliant Short Term Training; and (3) Policy and Institutional Development and Project Management.

Twenty-five ITI’s have been selected – 13 located in District Centers and 12 ITI’s that are well-linked to industries. Two out of four women’s ITIs in the State will be included in the list.

The Project has a 5-year grace period, and a maturity of 17 years. The closing date for the Project is 30 June 2023. fiinews.com