Q. Consider the following statements regarding the Skill Impact Bond (SIB):
1.It is India’s first development impact bond focused on skill development and job placement.
2.It aims to benefit 50,000 youth, with at least 60% of them being women.
3.It is implemented by the Ministry of Education.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation:
Statement 1 is correct – The Skill Impact Bond (SIB) is India’s first development impact bond focused on skill development and job placement outcomes.
Statement 2 is correct – It aims to benefit 50,000 young Indians over four years, with 60% of the beneficiaries being women.
Statement 3 is incorrect – The bond is implemented by the Ministry of Skill Development and Entrepreneurship, not the Ministry of Education. It is executed through the National Skill Development Corporation (NSDC).
Source- TOI
