World Bank Clears $250-Million Loan to train India’s Job Seekers

Posted on:27 Jun 2017 10:16:37
World Bank Clears $250-Million Loan to train India’s Job Seekers
27 June 2017 Current Affairs:

  • The World Bank cleared a USD 250-million loan, referred to as Skill India Mission Operation (SIMO) for making Indian youth more employable through reskilling.

  • SIMO will be implemented through the National Skill Development Mission and will specifically target labor market entrants.

  • World Bank’s SIMO is a six- year program in support of the Indian Government’s National Policy for Skill Development and Entrepreneurship (2017-23).

  • As per the Bank’s estimate, skill development capacity of the system would increase by the end of the program so that at least 8.8 million youth with relevant training with improved employment opportunity to raise their earnings.



  • The World Bank cleared a USD 250-million loan, referred to as Skill India Mission Operation (SIMO) for making Indian youth more employable through reskilling.

  • SIMO will be implemented through the National Skill Development Mission and will specifically target labor market entrants.

  • World Bank’s SIMO is a six- year program in support of the Indian Government’s National Policy for Skill Development and Entrepreneurship (2017-23).

  • As per the Bank’s estimate, skill development capacity of the system would increase by the end of the program so that at least 8.8 million youth with relevant training with improved employment opportunity to raise their earnings.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 October

22 OCTOBER
NEWS
21 OCTOBER
NEWS
20 OCTOBER
NEWS
19 OCTOBER
NEWS

Current Affairs 2018 September

30 SEPTEMBER
NEWS
29 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS