Impact Created
Beneficiary profile (https://nsdcindia.org/sib)
Total enrolment: 34460+ (until 31st Jan,2025)
Women enrolment: 74%
Sectors covered: 14
States covered: 18
Cohort performance (to be retained from current webpage)
Consortium of Partners (to be retained from current webpage)
Partner bytes: (to be retained from current webpage)
1. Student case studies (to be retained from current webpage)
2. Hear from our trainee video (to be retained from current webpage)
3. Media Highlights (to be retained from current webpage)
India’s first Skill Impact Bond for sustained employment of youth
Sharing the vision of making young Indians ready for employment, the Skill Impact Bond is the first development impact bond in India dedicated to skills training and job placement. The 130 Cr fund has been set up to benefit 50,000 young Indians over four years, with 60% of the beneficiaries being women. This innovative outcomes-based financing tool uses private sector capital and expertise, focusing on job placement and retention rather than merely on training and certification.
The Skill Impact Bond links funding to achievement of outcomes, inverting the process of conventional grant-making which often funds activities and inputs. The initial financing to training providers is supported by risk investors, who are repaid by outcome funders on the achievement of predetermined, independently verified outcomes achieved by training partners.
This results in maximum impact for money spent, aligned incentives between partners, thus creating measurable social impact that spur social change