Skill Strengthening for Industrial Value Enhancement (STRIVE)

Dec 13, 2024

Current Affair 1:

News:

Skills Strengthening for Industrial Value Enhancement (STRIVE) project is a World Bank Assisted-Government of India project with the objective of improving the relevance and efficiency of skills training provided through Industrial Training Institutes (ITIs) and apprenticeships.

The financial agreement was signed between Government of India and International Bank for Reconstruction and Development (IBRD) on 19th December.

It is an outcome-focused scheme, marking a shift in the government's implementation strategy for vocational education and training from inputs to results.

It is aimed at institutional reforms and improving the quality and market relevance of skill development training programs in long-term vocational education.

It shall incentivize ITIs to improve overall performance, including apprenticeship, by involving SMEs, business associations, and industry clusters. The project aims to develop a robust mechanism for delivering quality skill development training by strengthening institutions such as the State Directorate of Training & Employment, CSTARI, NIMI, NSTIs, ITIs, etc.

It is a Central Sector Scheme (CSS) with a budget outlay of INR 2200 Crore (US $ 318 million) covering the following 4 result areas:

  1. Improved performance of ITI.
  2. Increased Capacities of State Governments to support ITIs and Apprenticeship Training
  3. Improved Teaching and Learning.
  4. Improved and Broadened Apprenticeship Training.

<< Previous Next >>


Send To My Bookmarks


section-title