India signs loan agreement with ADB to help boost youth employability in Himachal Pradesh

The Government of India (GoI) has signed $80 million loan agreement with the Asian Development Bank (ADB) to help modernize technical and vocational education and training (TVET) institutions and improve the skills ecosystem in the State of Himachal Pradesh. The Project will establish a polytechnic for women, six city Livelihood Centers, and seven Rural Livelihood Centers, and upgrade 11 employment exchanges into model career Centers. These efforts will result in improved TVET awareness among youth, modernizing training equipment, implementing a training information system, forging partnerships with private sector, and creating better access to quality market-relevant TVET and livelihood development opportunities for youth in Himachal Pradesh.