ADB Approves $109.97 Million Loan to Transform Skills Development in Gujarat
In a major push toward strengthening India’s workforce capacity, the Asian Development Bank (ADB) has approved a $109.97 million results-based loan to support Gujarat’s efforts in advanced technical and vocational education and training (TVET). This initiative, executed through the Gujarat Skills Development Program, aims to create a globally competitive, inclusive, and technologically equipped workforce that meets the demands of fast-evolving industries such as automotive, logistics, IT, healthcare, and renewable energy.
On 13 June 2025, ADB formally approved a $109.97 million loan for Gujarat. The loan supports the state’s Labor, Skill Development and Employment Department in partnership with Kaushalya: The Skill University (KSU). The move is part of a larger plan to future-proof India’s industrial workforce and promote inclusive growth aligned with NEP 2020 and the Gujarat Skills Development Plan (2025–2030).
Funds linked to measurable outcomes, such as,
| Summary/Static | Details |
| Why in the news? | ADB Approves $109.97 Million Loan to Transform Skills Development in Gujarat |
| Total ADB Loan | $109.97 million |
| Program Name | Gujarat Skills Development Program |
| Executing Agencies | Labor, Skill Development and Employment Department + Kaushalya Skill University |
| Target Sectors | Logistics, Automotive, IT, Renewable Energy, Healthcare, Agri-tech |
| Targeted Beneficiaries | 175,000 disadvantaged individuals; 60,000 graduates with advanced skills |
| Institutional Upgrades | 11 Mega ITIs, Centers of Excellence, Hub-and-Spoke training network |
| Gender & Inclusion Focus | Boost female participation in engineering and frontier technologies |
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…
The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…
Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…
The Government of India focuses strongly on the welfare and empowerment of women and children.…
The 53rd edition of the New Delhi World Book Fair (NDWBF) 2026 will be held…
The 98th Academy Awards, also known as Oscars 2026, have recognized five Indian films as…