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