Skill development Current Affairs - 2020

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Budget 2020: 99,300 crores and 3,000 crores allocated for Education and Skill Development

The Budget 2020 was presented at the Parliament under three themes. One of the themes is Aspirational India. The Education and Skills is a Sub theme of Aspirational India. The other two sub themes of Aspirational India are

  • Agriculture, Rural Development and Irrigation
  • Health, Water and Sanitation

The GoI believes that there is a need for greater inflow of fund towards the education sector to absorb more talented teachers, innovate and build better labs. Therefore, the budget has been framed in such a way to allow the education sector encourage commercial borrowings and FDI to deliver higher quality education.

The Budget 2020-21 has allocated funds for the following

Higher Education Institutes

Over 150 Higher Education institutes will start apprenticeship embedded degree diploma courses by March 2021.

Internship by ULD

The Budget allocated funds for the Urban Local Bodies to provide internship opportunities to the local youths, especially fresh engineers for a period of 1 year. The man power of local bodies is also limited. This move hence will help address both the problems.

Online Education Portal

To provide high quality education and for the deprived sections of the society that do not have access to higher education, the budget proposes to start online education portal. In order to maintain the quality of the courses uploaded in the portal, only top 100 institutes of the country will be allowed to conduct courses in the portal. The institutes were ranked under National Institutional Ranking Framework.

Study in India Programme-“INDSAT” Exam proposed

Under Study in India Programme, INDSAT exam has been proposed in Asian and African countries. This will help to benchmark foreign candidates receiving scholarships to study in India.

National Police and Forensic Science Universities to be established

The Budget has allocated funds to establish National Police University and National Forensic Universities. They will focus on the domains of policing science, forensic science and cyber forensics.

Doctors’ inadequacy addressed

The Budget proposes medical colleges to be established along with district hospitals in PPP mode to address the problem of lack of qualified medical doctors. The states that are willing to allocate land and address the issue will be provided with viability gap funding to construct the colleges.

DNB and FNB

The Budget Allocated fund to increase the number of DNB (Diplomate in National Board) and FNB (Fellowship in National Board) professionals. The exams for these medicine graduates are conducted by National Board of Examinations. The DNBs are trained at private hospitals and medical colleges.

There is huge demand for teacher, para medical staffs, nurses and care givers in the foreign countries. The Budget proposes to the Ministry of Health and skill development together to create a bridge course in preparing Indian citizens for those jobs.

FUND ALLOCATION

The Budget has allocated 99,300 crores of rupees for the education sector. Also, it allocated 3,000 crores for skill development.

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Government inks $85 Million Loan Agreement with ADB for Odisha Skill Development Project

Union Government (Ministry of Finance) and Asian Development Bank (ADB) has signed $85 million loan agreement for Odisha Skill Development Project. It aims to improve the skill development eco-system in Odisha and establish World Skill Center (WSC), an advanced skill training center in state capital Bhubaneswar.

Significance of project

It will improve quality of State’s TVET (Technical and Vocational Education and Training) programs by making them relevant to industry and demand driven. It will impart advanced occupation-ready skills training aligned with international standards.

It will also complement efforts to target the employment needs of the emerging sectors in India and globally. It will engage Institute of Technical Education Services (ITEES), Singapore to support Odisha Skill Development Authority in setting-up and operationalizing WSC.

This centre will offer internationally bench marked advanced training programs for the working age population of Odisha. It will deliver eight training courses for 13,000 full-time students, provide training for 5,000 teachers and train 1,000 assessors.

The project will help over 150,000 people learn skills in priority sectors, including manufacturing, construction and services for formal employment. It will improve overall eco-system of skill development in Odisha by providing integrated services through entrepreneurship incubation center, career counseling and placement center, curriculum design and development center and education technology deployment center.

These important functions of WSC will support network of Government ITIs and develop skills and capacity of polytechnics, college of engineering, and other private skilling centers. ADB will also administer $2 million technical assistance grant from Japan Fund for Poverty Reduction, financed by Japanese Government that will support capacity development activities under the project

Asian Development Bank (ADB)

ADB is a regional development bank based out of Asia. It aims to promote social and economic development in Asia by achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It was established in December 1966. It is headquartered at Ortigas Centre in Manila, Philippines. It has total 67 members, of which 48 are from within Asia and the Pacific and 19 outside.

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