Skill Impact Bond
Aligned SDGs
- Skill Impact Bond
- General overview
- Location
- Involved organisations
- Outcome metrics
- Spreadsheet of data
- Skill Impact Bond
- General overview
- Location
- Involved organisations
- Outcome metrics
- Spreadsheet of data
General overview
Stage of development: Implementation
Policy sector: Employment and training
Start date of service provision: Oct 2021
Capital raised (minimum): USD 4m
Max potential outcome payment: USD 14.40m
Service users: 50k+ individuals
Intervention
Sharing the vision of an ‘employment ready’ young India, the National Skill Development Corporation (NSDC) in collaboration with a coalition comprising the British Asian Trust, the Michael & Susan Dell Foundation, The Children’s Investment Fund Foundation, HSBC India, JSW Foundation and Dubai Cares, with FCDO (UK Government) & USAID as technical partners, launched the first-of-its-kind and the largest impact bond for employment outcomes in India in November 2021. The coalition has brought together a US$14.4 million fund to benefit 50,000 young people, 60% of whom will be women, over four years by equipping them with skills and providing wage employment in sectors including retail, apparel, healthcare, logistics, and others. The collaboration also aims at strengthening the capacity of India’s technical and vocational education ecosystem through knowledge exchange, evidence and data generation and mainstreaming good practices.
Target population
50,000 youth in India, 60% of whom will be women.
Location
Country
- India
Service delivery locations
- India
Involved organisations
Outcome metrics
- Certification
- Job placement
- Job retention (3 months)
Spreadsheet of data
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