India signs loan agreement with World Bank (WB) for SANKALP project
The Government of India (GoI) has signed a $250 million loan agreement with the World Bank for Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project on December 13, 2017. The purpose of the project is to enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the workforce. The Key result areas for the project include Institutional Strengthening at the National and State Levels for Planning, Delivering, and Monitoring High-Quality Market-Relevant Training; Improved Quality and Market Relevance of Skills Development Programs; Improved access to and completion of skills training for female trainees and other disadvantaged groups; and Expanding skills training through private-public partnerships (PPPs). The closing date for the project is 31st March, 2023.