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World Bank has given a commitment to provide loan of USD 125 million (approx Rs.800 crore) to India, for the Skills Strengthening for Industrial Value Enhancement (STRIVE) project.
The aim of this operation is to improve access to quality and market driven vocational training as well as apprenticeships. Further, the financing agreement has been signed between the World Bank and the finance ministry yesterday.
As per finance ministry, “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.”
