ADB Approves $109.97 Million Loan for Gujarat's Skill Development Program
| Category | Details |
|---|---|
| Event | ADB approves $109.97 million loan for Gujarat's advanced Technical and Vocational Education and Training (TVET) under the Gujarat Skills Development Program. |
| Date of Approval | 13 June 2025 |
| Implementing Agency | Gujarat's Labor, Skill Development and Employment Department in partnership with Kaushalya: The Skill University (KSU). |
| Key Objectives | - Equip youth with industry-aligned advanced skills.<br>- Strengthen TVET governance & institutional capacity.<br>- Create a scalable skilling model for other Indian states. |
| Key Interventions | - Upgrade 11 mega Industrial Training Institutes (ITIs).<br>- Establish Centers of Excellence.<br>- Implement hub-and-spoke model led by KSU.<br>- Develop industry-integrated courses. |
| Target Sectors | Automotive, Logistics, IT, Healthcare, Renewable Energy, Agri-tech, Advanced Manufacturing. |
| Inclusion & Empowerment | - Increase female enrollment in engineering/tech.<br>- Train 175,000 disadvantaged individuals.<br>- Ensure 60,000 graduates with advanced skills by 2030. |
| Funding Mechanism | Results-Based Lending (RBL) tied to:<br>- Improved student employability.<br>- Stronger KSU governance.<br>- Global certification partnerships.<br>- Upgraded faculty & curriculum. |
| Sustainability Focus | - Climate-resilient infrastructure.<br>- Supports Gujarat's green growth and inclusive development. |
| ADB Overview | - Founded: 1966.<br>- Members: 69 (50 Asia-Pacific).<br>- Mission: Sustainable, inclusive growth in Asia-Pacific.<br>- Tools: Financing, partnerships, innovation. |