ADB Extends $100 mn Loan To Kerala

Asian Development Bank will provide USD 100 million loan to improve job prospects of higher secondary and under graduate students in Kerala by funding state government’s skill development programme.ADB said that the ADB and the government of India signed a USD 100 million loan to help the state of Kerala in its drive to increase the employability of higher secondary and undergraduate students.

The loan, to support Kerala’s Additional Skill Acquisition Programme (ASAP), will also provide state’s youth with opportunities to improve their fluency in English language, IT skills, and learn market relevant in-demand vocational skills.ADB’s Country Director of India Resident Mission M Teresa Kho said that by offering 180 hours of foundation training in communication English and basic IT, and 200 to 500 hours of vocational training to high school and undergraduate students, after class and during vacations, ASAP will make them ‘market ready’ by the time they graduate.

Launched in 2012 by state government, ASAP aims to enhance employability of youths and improve their job prospects by complementing post-basic education with market-relevant vocational training and career counseling.