The first-of-its-kind Skill Impact Bond is fifteen months into its journey and has enrolled close to 18,000 young Indians from 18 states and union territories so far. Pioneered by the National Skill Development Corporation (NSDC) – a one-of-a-kind public private partnership model in India under the aegis of the Ministry of Skill Development and Entrepreneurship – and a coalition of mission-aligned partners, the Skill Impact Bond is aimed at transforming the way skill training programmes are implemented, with a focus on bridging the gap between skilling and employment, especially for women.
India has invested in improving employment opportunities, but the female labour force participation rate (FLPR) is low and only 10 out of 100 women enrolled in skilling programmes stay in jobs for three months. To address this, the NSDC and a coalition of partners launched the four-year Skill Impact Bond in 2021 to focus on job placement and retention.
Shri Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship said, “We appreciate the efforts made by all the training partners and firmly believe that such effective interventions are leveraging the potential of India’s youth and creating livelihood and meaningful opportunities.”
