STRIVE Project: India inks $125 Million Financing Agreement with World Bank
India has inked Financing Agreement with World Bank for International Development Association (IDA) Credit of US $125 million (equivalent) for Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project.
The objective of project is to improve access to quality and market-driven vocational training and apprenticeships. The closing date for the project is 30th November, 2022.
The STRIVE Project will focus to improve on quality and the market relevance of vocational training provided in ITIs and also strengthen the apprenticeship programme through industry-cluster approach.
Result areas for project include
- Improved Teaching and Learning
- Improved and Broadened Apprenticeship Training.
- Improved Performance of Industrial Training Institutes.
- Increased Capacities of State Governments to Support Industrial Training Institutes and Apprenticeship Training.