Skills Outcomes Fund

Skills Outcomes Fund Latest News

Minister of State for Education, Government of India, has launched a national campaign to establish the Skills Outcomes Fund.

About Skills Outcomes Fund

• It is a first-of-its-kind initiative aimed at unlocking aspirational livelihoods for youth from low-income backgrounds.
• The fund envisages to mobilise public and private capital to scale outcomes-based financing (OBF) in India’s skilling ecosystem, linking investments directly to verified employment outcomes.
• It will be anchored by the National Skill Development Corporation (NSDC) under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE), in partnership with not-for-profit and philanthropic organizations /stakeholders.
• It would build on the success of India’s first outcomes-based initiative, the Skill Impact Bond, launched by the National Skill Development Corporation (NSDC) in 2021.
• A key innovation of the fund is its employer-led, demand-driven skilling model, ensuring alignment with industry needs. Training programs will focus on high-growth sectors including:
  • IT and IT-enabled services (IT-ITeS)
  • Banking, Financial Services, and Insurance (BFSI)
  • Automotive and manufacturing
  • Healthcare
  • Logistics and supply chains
  • Electronics and semiconductors
  • Green jobs and sustainability sectors

Source: PIB

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