In December 2017, India signed a financing agreement for an IBRD loan

June 1, 2025 by rawan239

In December 2017, India signed a financing agreement for an IBRD loan of USD 250 million (equivalent) for which one of the following projects ?

[amp_mcq option1=”DDU-GKY” option2=”DISHA” option3=”SANKALP” option4=”SWACHHGRAM” correct=”option3″]

This question was previously asked in

UPSC CISF-AC-EXE – 2018

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The correct answer is C) SANKALP.

In December 2017, India signed a financing agreement with the World Bank for an International Bank for Reconstruction and Development (IBRD) loan of USD 250 million for the Skill Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) project.

The SANKALP project is a Central Sector Scheme under the Ministry of Skill Development & Entrepreneurship (MSDE). Its objectives include improving the quality and market relevance of vocational training, increasing access to skill training, especially for disadvantaged sections, and strengthening institutions at the national, state, and district levels to implement skill development initiatives.

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