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Q51 (CISF/2018) Economy › Schemes, Inclusion & Social Sector

In December 2017, India signed a financing agreement for an IBRD loan of USD 250 million (equivalent) for which one of the following projects ?

Explanation

In December 2017, the Government of India and the World Bank (IBRD) signed a financing agreement for a USD 250 million loan for the SANKALP (Skills Acquisition and Knowledge Awareness for Livelihood Promotion) project. SANKALP is a Centrally Sponsored Scheme under the Ministry of Skill Development and Entrepreneurship (MSDE). Its primary objective is to strengthen institutional mechanisms at the national, state, and district levels to improve the quality and market relevance of skill development programs. The project aims to enhance access to quality vocational training for youth across the country. Other options like DDU-GKY (Deen Dayal Upadhyaya Grameen Kaushalya Yojana) focus on rural youth employment under the Ministry of Rural Development, while DISHA is a monitoring committee framework for government schemes.

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