New Delhi: The Skill Impact Bond, launched by the National Skill Development Corporation (NSDC) in 2021, has trained over 29,000 job seekers from low-income backgrounds across 24 states. With women making up 74% of the trainees, the program targets sectors where they often face challenges entering the workforce.
Designed to bridge skilling gaps, the program includes strategies like family support and post-placement help to boost job retention. About 73% of participants have secured jobs, with women representing 60% of this group. The program’s USD 14.4 million budget is tied directly to job placement and retention, aiming for measurable outcomes.
During a recent event, Shri Atul Kumar Tiwari, Secretary of the Ministry of Skill Development, spoke about the program’s focus on long-term impact. He emphasized that it’s more than just an investment, but a way to strengthen communities by creating sustainable livelihoods.
Supported by both global and domestic organizations like the British Asian Trust and USAID, the Skill Impact Bond continues to scale, with a sharp focus on accountability and real-world outcomes. Evaluations show that job retention rates for women have improved, with 61% staying in their roles through the latest training rounds.
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