$63 Million Financing Agreement with World Bank for Tejaswini Project

$63 Million Financing Agreement with World Bank for Tejaswini Project

Question: ‘Tejaswini’ Socio-Economic Empowerment of Adolescent Girls and Young Women Project” targets … districts in Jharkhand.
(a) 17
(b) 18
(c) 20
(d)10
Ans: (a)
Related Fact :

  • On 23rd February, 2017, India signed a financing agreement of US$ 63 million (equivalent) for the “Tejaswini” Socio-Economic Empowerment of Adolescent Girls and Young Women Project” with the World Bank.
  • Tejaswini is a welfare project which aims at empowering adolescent girls & young women socially and economically in Jharkhand. This will support adolescent girls and young women, aged 14-24, to complete their secondary level education and acquire relevant skills for the job market.
  • The project seeks to provide basic life skills and market driven skill training or completion of secondary education, depending on the inclination of the beneficiary.
  • The credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm with a maturity of 25 years, including a 5 year grace period.
    Project and it’s Benefits:
    Tejaswini project will be delivered in 17 Districts of Jharkhand. In these districts, there are about 2.1 million adolescent girls and young women in the 14-24 age group. Out of this population, 13 percent belong to Scheduled Castes and 25 percent to Scheduled Tribes. The project will intervene at two levels – at the community and at the institutional level. The community-based platforms (“clubs” and “centers”) will hold regular counseling and guidance sessions, life skills education, livelihood support services, and provide information on opportunities. Life skills will include training on ‘soft skills’, increasing awareness about Rights and protections, health and nutrition and financial literacy. At the institutional level, it will work with partner institutions through performance-based contracts to deliver vocational training, business skills training, and non-formal education to a subset of adolescent girls and young women. About 680,000 adolescent girls and young women in the project Districts are expected to benefit from the program.

Reference:
http://www.worldbank.org/en/news/press-release/2016/06/21/world-bank-approves-usd63-million-socio-economic-empowerment-adolescent-girls-young-women-in-jharkhand-india
http://pib.nic.in/newsite/PrintRelease.aspx?relid=158720