Odisha government and ADB enters an agreement to strengthen skill development in the state

Odisha government and ADB enters an agreement to strengthen skill development in the state

On Monday, the Odisha government signed a loan agreement of 85 million dollars with the Asian Development Bank (ADB). The loan amount will be used by the state government to train 1.5 lakh youth of the state, said an official. An official from the state government said “with this assistance, youths in the age group of 15-34 years will be given skill development training to make them competent to get better work and higher paying jobs”. The project is named as Odisha Skill Development Authority and ITE Education Services. The total cost of the project is 193 million dollars and the Odisha government will contribute 108 million dollars, the statement further added. Japan government will also provide the technical aid from its Japan Fund for Poverty Reduction and ADB will provide 2 million dollars for capacity building component of the project. Apart from ADB and Japan, Singapore will also aid Odisha in the project. Establishment of the World Skills Centre (WSC) in Bhubaneswar will be done with the aid of Singapore. A speciality of WSCs is that all the training programs have been designed to cater to the needs of the industry and training is provided through experiential learning. The main aim of the project is to reduce the unemployment and under-employment rates in Odisha by 2025.

source https://www.brainbuxa.com/education-news/odisha-government-and-adb-enters-an-agreement-to-strengthen-skill-development-in-the-state-8910