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WB credit for skill improvement of minority youth

By Niranjan Mudholkar,

Added 31 December 2015

The US$ 50 million 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.

At the signing - Michael Haney, Operations Advisor, World Bank, Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance and Dinesh Singh Bisht, Joint Secretary, Ministry of Minority Affairs

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."
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