01 March 2017 Current Affairs: India on 23 February 2017 signed a Financing Agreement with the World Bank for IDA credit of USD 63 million for the 'Tejaswini', a Socio-Economic Empowerment of Adolescent Girls and Young Women Project.The Financing Agreement was signed by Raj Kumar, Joint Secretary in the Department of Economic Affairs, Union Ministry of Finance and Junaid Kamal Ahmad, Country Director of World Bank (India).
Highlights of the Socio-Economic Empowerment of Adolescent Girls and Young Women Project 'Tejaswini'
• The project seeks to empower the adolescent girls with basic life skills.
• It aims to provide further opportunities to acquire market driven skill training or completion of secondary education, depending on the inclination of the beneficiary.
• The project will support adolescent girls and young women between the ages of 14 and 24 to complete their secondary level education.
• It will also help girls in acquiring relevant skills for the job market.
• The project has three main components- (i) Expanding social, educational and economic opportunities (ii) Intensive service delivery (iii) State capacity-building and implementation support.
• About 680000 adolescent girls and young women are expected to benefit from the program.
• The closing date of the project is 30 June 2021.
On the same occasion, a Project Agreement was also signed by Mukhmeet Singh Bhatia, Principal Secretary in the Department of Women, Child Development, Jharkhand and Junaid Kamal Ahmad, Country Director of World Bank.
It aims to support strengthening of institutional capacity and outreach of the Department of Women and Child Development and the Jharkhand Women Development Society to enable effective and efficient delivery of services for Adolescent Girls and Young Women in the state.
The project will be delivered in 17 Districts of Jharkhand. In the 17 project districts, there are about 2.1 million adolescent girls and young women in the 14-24 age group, of which 13 per cent belong to Scheduled Castes and 25 per cent belong to Scheduled Tribes..