A Financing Agreement for IDA Credit of USD 125 million (equivalent) for the “Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project” was signed by the Government of India with the World Bank yesterday in the national capital. The Financing Agreement was signed by Mr. Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank (India) on behalf of the World Bank.

The Objective of the operation is to improve access to quality and market-driven vocational training provided in it is and apprenticeships.

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.

The closing date for the project is 30th November, 2022.

Financing agreement boosts vocational training and apprenticeships to strengthen market-driven skills and institutional capacity. A Financing Agreement between the Government of India and the World Bank provides an IDA credit for the STRIVE Project to support market-driven vocational training and apprenticeships. The project focuses on improving Industrial Training Institutes' performance, enhancing State Government capacities for ITI and apprenticeship support, improving teaching and learning, and broadening apprenticeship opportunities, with a project closing date of 30 November 2022.