NEW DELHI, December 30, 2015 – The Government of India and the World Bank today signed a US$ 50 million 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 labor market,” said Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India.
The credit agreement for the project was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Michael Haney, World Bank’s Operations Adviser in India, on behalf of the World Bank.
“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 economy,” said Michael Haney, Operations Adviser, World Bank, India. “This project reflects the government’s intent to provide opportunities for youth from minority communities to acquire the education and training that they might have missed out on. We hope it will improve the employability and earning capacity of youth, particularly that of women, in these communities.”