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ADB to provide USD 85 mn loan for skill development in Odisha

Press Trust of India  |  New Delhi 

The (ADB) said it will provide a USD 85 million loan to improve skill development eco-system in and establish an advanced skill training centre at

The project will help over 1.5 lakh people learn skills in priority sectors, including manufacturing, construction and services for formal employment, ADB said in a release.

(WSC) at will deliver eight training courses for 13,000 full-time students, provide training for 5,000 teachers, and train 1,000 assessors.

It will improve the overall eco-system of skill development in by providing integrated services through an entrepreneurship incubation centre, a career counselling and placement centre, a curriculum design and development centre, and technology deployment centre, it said.

"These important functions of WSC will support a network of Government ITIs and develop skills and capacity of polytechnics, college of engineering, and other private skilling centres," it added.

ADB will also administer a USD 2 million technical assistance grant from the Fund for Poverty Reduction, financed by the Government of Japan, that will support capacity development activities under the project.

In 2017, ADB operations totalled USD 32.2 billion, including USD 11.9 billion in co-financing.

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

First Published: Mon, December 03 2018. 18:00 IST