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Himachal gets $80m ADB loan for skill development

IANS  |  Shimla 

The has signed a $80 million (Rs 512 crore) loan agreement with the (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 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.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 07 2018. 18:32 IST
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