The Government of India and World Bank sign US$ 50 million project to improve education & skills training for minority communities in India
The Government of India and the World Bank signed a US$ 50million credit for the Nai Manzil; Education and Skills Training for Minorities Project to help young people from minority communities complete their education and gain from market-driven training programs with the aim of improving their employment outcomes.
The project will support the Government of India’s national Nai Manzil (New Horizon) Scheme, a comprehensive education and skills development program for youth from minority communities, launched in August this year. The project will reach out to disadvantaged youth from minority communities and support their enrolment in open schooling, as well as provide hands-on vocational training. It will also provide post-placement support to assist them in finding sustainable employment.
The Nai Manzil Scheme is designed as an integrated education and training program that provides youth from minority communities skills that are needed for different tasks in a rapidly changing world. Interventions under this project will support the Nai Manzil Scheme in improving the employability and performance of minority youth in the labour market.
Further, a recent World Bank study of select skills training programs in five states of India found that well designed skills training programs make a positive difference; beneficiaries were found to experience a seven percentage point increase in employment (with a stronger result for women than for men) and a 21% increase in their wages. In addition, formal education continues to shape employment outcomes and long-term productivity of the youth. Youth with primary education (or less) receive 12 percent lower wages than those with secondary education, the study found.
The prime objective of this collaboration is to help youth from the minority to extend their formal education and enter the labour market with better employment prospects. It has also been added that India’s demographic dividend can be harnessed only if all young people from all sections of society are equipped with the education and skills needed to make them productive members of the econom