The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has approved two new World Bank supported schemes of Rs. 6,655 crore – Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) and Skill Strengthening for Industrial Value Enhancement (STRIVE). Let’s understand SANKALP Scheme STRIVE Scheme.
Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) is Centrally sponsored scheme aims to implement the mandate of the National Skill Development Mission (NSDM). The project will be implemented in mission mode through World Bank support
The SANKALP program consists of four objectives:
The project is funded by three major parts:
Skills Strengthening for Industrial Value Enhancement (STRIVE) is a new World Bank funded central sector scheme that has been approved by Expenditure Finance Committee (EFC) in November 2016 for a total cost of Rs. 2200 crore.
The objectives of the scheme are:
The basic difference between SANKALP scheme and STRIVE scheme is that SANKALP envisages to get more trainers while STRIVE will incentivize it is to improve overall performance.
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