JP Morgan commits $10 million to World Bank’s skilling programme

By: |
Published: October 21, 2019 6:28:06 PM

Wall Street major JP Morgan on Monday announced a USD 10-million commitment to a new World Bank multi-donor trust fund focused at skilling the youth in the country.

 The pilot projects will be launched in Maharashtra and Rajasthan, the statement added.The pilot projects will be launched in Maharashtra and Rajasthan, the statement added.

Wall Street major JP Morgan on Monday announced a USD 10-million commitment to a new World Bank multi-donor trust fund focused at skilling the youth in the country.

The investment is part of the American investment bank’s USD 25 million, five-year commitment to help low- and middle-income communities here develop the skillsets, a statement said, adding the programme is aimed at improving access to quality and market-relevant training for youth in select states.

“Children who are in primary schools today are likely to work in jobs that do not even exist now. To prepare them for a fundamentally altered world of work is going to be a critical policy decision countries can make to secure the future of their citizens,” World Bank country director for India Junaid Ahmad in the statement.

The programme will support innovative models in curriculum development, provide appropriate training for teachers as well as career counselling for students, foster inclusion of the marginalised communities, and reduce gender gaps in skilling, it said. The pilot projects will be launched in Maharashtra and Rajasthan, the statement added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Boomerang effect: Cut in repo rate may not bring down interest rates any time soon
2Why is it important for leaders to match pace with fast changing technology
3Banking services likely to get affected on 22nd Oct as unions threaten strike