NEW DELHI: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved two new World Bank supported schemes of Rs 6,655 crore – Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) and Skill Strengthening for Industrial Value Enhancement (STRIVE).
“There has been a long felt need for a national architecture for promoting convergence, ensuring effective governance and regulation of skill training and catalysing industry efforts in vocational training space. The two schemes shall address this need by setting up national bodies,” an official statement said here.
The scheme SANKALP is Rs 4,455 crore Centrally sponsored scheme including Rs. 3,300 crore loan support from World Bank whereas STRIVE will be a Rs. 2,200 crore – central sector scheme, with half of the scheme outlay as World bank loan assistance. “SANKALP and STRIVE are outcome focused schemes marking shift in Government’s implementation strategy in vocational education and training from inputs to results,” the statement said. (AGENCIES)
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