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World Bank will give India $50 million loan for minority education

BI India BureauDec 31, 2015, 14:57 IST

The World Bank has agreed to lend India $50 million for education and skill training for minorities.

"The Government of India and the World Bank today signed a USD 50 million credit for the Nai Manzil: The Education and Skills Training for Minorities Project to help young people from minority communities complete education and gain from market-driven training programmes with the aim of improving their employment outcome," World Bank said in a release.

The project will support the Modi government's National Nai Manzil (New Horizon) scheme, launched in August 2015.

"Interventions under this project will support the Nai Manzil Scheme in improving the employability and performance of minority youth in the labour market," Raj Kumar, joint secretary, Economic Affairs in the Finance Ministry said.

Image credit: Indiatimes