SHIMLA/NEW DELHI, Apr 7: The Union Government has signed Rs 512 crore loan agreement with Asian Development Bank ADB to help improve skills of youths in Himachal Pradesh and modernise ‘Technical and Vocation Education and Training’ institutes (TVET).
The estimated cost of the project is Rs 640 crores and is expected to be completed by the end of 2022 . The State Government will get 90 per cent of the loan component as grant from the central Government.
In a statement here on Saturday, a spokesperson of the State Government said that under this project, approximately 65,000 youths of the state will be given special trainings as per the standards of National Skills Qualifications Framework (NSQF). This project 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. He said,” these efforts of state government will help in creating awareness among youth about TVET programmers, modernization of training equipment, implementation of MIS, enhance partnership with private sector and creating market oriented training and livelihood opportunities for the youth of Himachal Pradesh.”
”The funds would be made available for short and long term training programmes to the youth in automobile, electronics, pharmaceuticals, tourism and hospitality, banking and financial services and health sectors under the project,” he added. (UNI)
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