Supreme Court: Bail Remains the Rule and Jail the Exception, Even under the UAPA Law  ||  Supreme Court: Principle of Res Judicata Also Applies Between Stages of the Same Case  ||  Supreme Court: Govt Servant Has No Right to Old Rule Promotion Just Due to Earlier Vacancies  ||  Delhi High Court: Students Having Zero Attendance Cannot be Promoted to the Next Semester  ||  J&K&L HC: Replacing 'State' With 'Union Territory' in Public Safety Act Does Not Change its Nature  ||  Kerala High Court: Doctor Cannot Enrol as an Advocate Without First Cancelling Medical Registration  ||  Supreme Court: VAT is Not Applicable on Reliance’s Inter-State Gas Supply from KG Basin to UP  ||  Supreme Court: Co-Owner Can File Eviction Suit as Landlord under Bombay Rent Act  ||  Supreme Court: Mediclaim Reimbursement Cannot be Set off Against Accident Compensation  ||  SC: Hindu Succession Act 2005 Amendment Does Not Curtail Daughters’ Existing Inheritance Rights    

India signs Financing Loan Agreement with the World Bank for US$ 74 Million for Uttarakhand Workforce Development Project (UKWDP)- (Press Information Bureau) (18 Sep 2018)

MANU/PIBU/1338/2018

Commercial

A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed with the World Bank here today. The Loan Agreement was signed by Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India and Mr. Jorge Coarasa, Acting Country Director, World Bank (India) on behalf of the World Bank. A Project Agreement was also signed by Dr. Iqbal Ahmed, Additional Secretary, Skill Development and Employment, Government of Uttarakhand and Mr. Jorge Coarasa, Acting Country Director, World Bank.

The Project objective is to improve the quality and relevance of training at priority Industrial Training Institutes (ITIs) and to increase the number of labor-market-relevant workers through short term training in Uttarakhand. The Project has three components: (1) Improving the quality and relevance of ITI Training; (2) Increasing the number of skilled workers certified under National Skills Qualification Framework (NSQE) - Compliant Short Term Training; and (3) Policy and Institutional Development and Project Management.

Twenty-five ITI's have been selected - 13 located in District Centers and 12 ITI's that are well-linked to industries. Two out of four women's ITIs in the State will be included in the list. The Project has a 5-year grace period, and a maturity of 17 years. The closing date for the Project is 30th June, 2023.

Tags : LOAN AGREEMENT   WORLD BANK   PROJECT (UKWDP)  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved