Himachal gets $80m ADB loan for skill development


Organisation:  Business Standard

The Indian government has signed a $80 million (Rs 512 crore) loan agreement with the Asian Development Bank (ADB) to help improving skills.

Posted On:  09 Apr . 2018
Himachal gets $80m ADB loan for skill development
 

The Indian government has signed a $80 million (Rs 512 crore) loan agreement with the Asian Development Bank (ADB) to help improving skills of youth and modernising institutes, it was announced on Saturday.

This project of estimated cost of $100 million (Rs 640 crore) is expected to be completed by 2022 and the state will get 90 per cent of the loan component as grant from the Central government, a state government spokesperson told IANS.

Under the project, nearly 65,000 youth will be given special training. It would go a long way in setting up basic institutionalised institutes at various levels in the state.

A polytechnic for women, six city livelihood centres and seven rural livelihood centres would be set up under it, besides upgrading 10 employment exchanges as model career centres.

 

Comments

 

Back To Listng


 

 

 
 

More News

 
 
Seven schemes for poor in 17,000 villages in 21 days
Seven schemes for poor in 17,000 villages in 21 days
 
NBCC ties up with Skill Development Institute to train workers
NBCC ties up with Skill Development Institute to train workers
 
India, Timor Leste sign MoU to cooperate in healthcare
India, Timor Leste sign MoU to cooperate in healthcare
 
 
Sitemap | Site feedback | Terms of services | Privacy | Cancellation and Refund Policy ©Renalysis Consultants Pvt Ltd