What is STRIVE funded by World Bank?

  • STRIVE stands for Skills Strengthening for Industrial Value Enhancement (STRIVE)
  • It is a new World Bank-funded project of Rs. 2200 crore.
  • It is a Programme for Results (P4R) type programme of the World Bank that ensures outcome-based funding.
  • The project aims at creating awareness through industry clusters/ geographical chambers that would address the challenge of involvement of Micro, Small and Medium-sized Enterprises (MSMEs).
  • STRIVE is a five-year government program which would also aim at integrating and enhancing the delivery quality of ITIs. In order to ensure achievement of the outcome, these ITI would be competitively selected for up-gradation under the scheme. The Program will assist vocational training in 300 ITIs and 100 industrial clusters to improve infrastructure in ITIs across India.
  • The fund will be disbursed by the International Development Association (IDA), the World Bank’s concessionary lending arm.

 

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