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India & World Bank signed loan agreement for Uttarakhand Workforce Development
India & World Bank signed a loan agreement for Uttarakhand Workforce Development: Details, Features, Aim, Highlights
India and the World Bank on September 2018 have signed a loan agreement for IBRD Credit of USD 74 million for the Uttrakhand Workforce Development Project (UKWDP).
The Uttrakhand Workforce Development Project (UKWDP) aims is to improve the quality and relevance of training at priority Industrial Training Institutes (ITIs) and to increase the number of labor-market-relevant workers through short-term training in Uttrakhand.
The UKWDP Project has three components - Improving the quality and relevance of ITI Training; Increasing the number of skilled workers certified under National Skills Qualification Framework; and (3) Policy and Institutional Development and Project Management.
Twenty-five ITI’s have been selected – 13 located in District Centers and 12 ITI’s are well-linked to industries. Two out of four women’s ITIs in the State will be included in the list.
Features
Improve the quality and relevance of ITI Training.
Increase number of skilled workers certified under the National Skills Qualification Framework (NSQE) – Compliant Short-Term Training.
Policy and institutional development and project management.
World Bank
World Bank is an international financial institution that provides loans to countries of the world for capital projects.
World Bank's official goal is the reduction of poverty by providing loans to developing countries for capital programmes. It is one of five institutions created at Breton Woods Conference in 1944.
World Bank is headquarter is situated in Washington DC, US.
World Bank comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).
