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Funding for market-driven vocational training
India has signed a financing agreement with the World Bank for IDA Credit of USD 125 million (equivalent) for the “Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project”.
The Financing Agreement was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, and Hisham Abdo, Acting Country Director, World Bank (India) in New Delhi on 19 Dec 2017.
The objective of the operation is to improve access to quality and market-driven vocational training provided in it is and apprenticeships.
The result areas for the project include Improved Performance of Industrial Training Institutes; Increased Capacities of State Governments to Support Industrial Training Institutes and Apprenticeship Training; Improved Teaching and Learning; and Improved and Broadened Apprenticeship Training. fii-news.com
