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What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?
- a)To reduce the unemployment rate to zero
- b)To provide free education to all youth
- c)To create a digital payment infrastructure
- d)To ensure employment-linked skill development for 50,000 youth
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the primary objective of the Skill Impact Bonds (SIB) initiati...
Overview of Skill Impact Bonds (SIB) Initiative
The Skill Impact Bonds (SIB) initiative in India is designed to tackle the pressing issue of unemployment amongst the youth by focusing on skill development linked to job opportunities. This innovative approach aims to bridge the gap between industry needs and the skills possessed by job seekers.
Primary Objective
The main goal of the SIB initiative is:
- Employment-Linked Skill Development: Targeting to ensure that 50,000 youth receive training that is directly linked to employment opportunities. This is achieved by collaborating with various stakeholders, including training providers and employers.
Key Features
- Outcome-Based Funding: The initiative operates on a model where funding is contingent upon the successful placement of trained individuals in jobs, thereby ensuring accountability and effectiveness.
- Collaboration with Private Sector: By involving private companies, the program aims to align training programs with market demands and future job opportunities.
Impact on Youth
- Skill Acquisition: It focuses on equipping youth with relevant skills that enhance their employability in various sectors.
- Job Readiness: The program prepares participants not just for jobs but for sustainable careers, encouraging economic independence.
Conclusion
In summary, the Skill Impact Bonds initiative is a strategic effort to address youth unemployment through structured skill development linked to actual job placements, aiming to empower 50,000 individuals and create a more skilled workforce in India.
The Skill Impact Bonds (SIB) initiative in India is designed to tackle the pressing issue of unemployment amongst the youth by focusing on skill development linked to job opportunities. This innovative approach aims to bridge the gap between industry needs and the skills possessed by job seekers.
Primary Objective
The main goal of the SIB initiative is:
- Employment-Linked Skill Development: Targeting to ensure that 50,000 youth receive training that is directly linked to employment opportunities. This is achieved by collaborating with various stakeholders, including training providers and employers.
Key Features
- Outcome-Based Funding: The initiative operates on a model where funding is contingent upon the successful placement of trained individuals in jobs, thereby ensuring accountability and effectiveness.
- Collaboration with Private Sector: By involving private companies, the program aims to align training programs with market demands and future job opportunities.
Impact on Youth
- Skill Acquisition: It focuses on equipping youth with relevant skills that enhance their employability in various sectors.
- Job Readiness: The program prepares participants not just for jobs but for sustainable careers, encouraging economic independence.
Conclusion
In summary, the Skill Impact Bonds initiative is a strategic effort to address youth unemployment through structured skill development linked to actual job placements, aiming to empower 50,000 individuals and create a more skilled workforce in India.
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What is the primary objective of the Skill Impact Bonds (SIB) initiati...
The Skill Impact Bonds (SIB) initiative aims to promote employment-linked skill development for 50,000 youth over four years, with a specific focus on achieving 62% participation from women. This innovative approach emphasizes measurable outcomes such as job placements and retention rather than merely enrollment in training programs, thereby addressing both skill shortages and gender disparities in the workforce.
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What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer?.
What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer?.
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What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the primary objective of the Skill Impact Bonds (SIB) initiative launched in India?a) To reduce the unemployment rate to zerob) To provide free education to all youthc) To create a digital payment infrastructured) To ensure employment-linked skill development for 50,000 youthCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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