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ADB, Centre sign 85 mn dollar loan to support Odisha skill development project

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skill development

The Centre and Asian Development Bank (ADB) have signed an 85 million dollar loan to improve skill development eco-system in Odisha. An advanced skill training centre, the World Skill Center (WSC) will also be established in Bhubaneswar with the help of a loan.

The Odisha Skill Development Project agreement was signed by Additional Secretary in the Finance Ministry Sameer Kumar Khare and Country Director of ADB’s India Resident Mission Kenichi Yokoyama in New Delhi yesterday.

The project will help over 1.5 lakh people learn skills in priority sectors, including manufacturing, construction and services for formal employment. The Skill Centre will deliver eight training courses for 13 thousand students and provide training to five thousand teachers.

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

These important functions of the Skill Centre will support a network of Government ITIs and develop skills and capacity of polytechnics, college of engineering, and other private skilling centres.

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