About Skills Outcomes Fund:
- It is a first-of-its-kind initiative aimed at unlocking aspirational livelihoods for youth from low-income backgrounds.
- The fund envisages to mobilise public and private capital to scale outcomes-based financing (OBF) in India’s skilling ecosystem, linking investments directly to verified employment outcomes.
- It will be anchored by the National Skill Development Corporation (NSDC) in partnership with not-for-profit and philanthropic organizations /stakeholders.
- It would build on the success of India’s first outcomes-based initiative, the Skill Impact Bond, launched by the National Skill Development Corporation (NSDC) in 2021.
- A key innovation of the fund is its employer-led, demand-driven skilling model, ensuring alignment with industry needs. Training programs will focus on high-growth sectors including:
- IT and IT-enabled services (IT-ITeS)
- Banking, Financial Services, and Insurance (BFSI)
- Automotive and manufacturing
- Healthcare
- Logistics and supply chains
- Electronics and semiconductors
- Green jobs and sustainability sectors
