{"id":57563,"date":"2025-07-31T13:39:55","date_gmt":"2025-07-31T08:09:55","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=57563"},"modified":"2025-07-31T16:06:43","modified_gmt":"2025-07-31T10:36:43","slug":"skill-impact-bond","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/skill-impact-bond\/","title":{"rendered":"Skill Impact Bond"},"content":{"rendered":"<h2><b>Skill Impact Bond Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Minister of State for skill development and entrepreneurship cited that Skill Impact Bond (SIB) as delivering measurable social impact.<\/span><\/p>\n<h2><b>About Skill Impact Bond<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an innovative financing tool aimed at <\/span><b>improving employment outcomes for young people.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under this initiative<\/span><b>, first skilling is provided<\/b><span style=\"font-weight: 400;\"> to young people, and then provide them jobs or making them perform better within their current jobs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India\u2019s Skill Impact Bond (SIB) was <\/span><b>launched in November 2021.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is the country\u2019s first development impact bond focused on employment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is backed by the <\/span><b>Ministry of Skill Development and Entrepreneurship<\/b><span style=\"font-weight: 400;\"> through the <\/span><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/national-skill-development-corporation-nsdc\/\" target=\"_blank\"><b>National Skill Development Corporation<\/b><\/a><span style=\"font-weight: 400;\">,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Its objective is to <\/span><b>benefit 50,000 young Indians<\/b> <b>over four years<\/b><span style=\"font-weight: 400;\">, with 60% of the beneficiaries <\/span><b>being women.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This innovative outcomes-based financing tool uses <\/span><b>private sector capital and expertise<\/b><span style=\"font-weight: 400;\">, focusing on job placement and retention rather than merely on training and certification.<\/span><\/li>\n<\/ul>\n<h2><b>How does it Work?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There <\/span><b>are \u2018risk investors\u2019<\/b><span style=\"font-weight: 400;\"> usually from the private sector who provide funding to service providers (organisations that deliver skills training and support job placement).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Then there <\/span><b>are outcome funders<\/b><span style=\"font-weight: 400;\"> who repay the <\/span><b>\u2018risk investors\u2019 if<\/b><span style=\"font-weight: 400;\"> the programme has met its employment targets. There is also a third-party evaluator who verifies employment outcomes.<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/women-lead-indias-1st-outcome-based-skilling-drive\/articleshow\/122966043.cms\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">TOI<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skill Impact Bond is an innovative financing tool aimed at improving employment outcomes for young people. Read more about Skill Impact Bond, Working, Objectives, Latest News<\/p>\n","protected":false},"author":24,"featured_media":57530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,1925,22,23],"class_list":{"0":"post-57563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-skill-impact-bond","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/57563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=57563"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/57563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/57530"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=57563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=57563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=57563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}