Lok Sabha Question No. 263 (STARRED), answered on 2018-01-05
Subject: Loan Agreement with IBRD
Ministry: FINANCE
Asked by: KUNWAR HARIBANSH SINGH, SUDHEER GUPTA

## GOVERNMENT  OF INDIA MIMSTRY OF FINANCE DEPARTMENT  OT ECONOMIC  AFFAIRS

## LOK SABEA

STARRED  Qt/ESTION  NO.  .263

TO BE ANSWERED ON FRIDAY,  JANUARY 05, 2018/ PAUSHA l s, 1939 (SAKA)

LoaD Agreement with IBRI)

'263.  KUNWAR HARIBANSE SINGH!

SIIR]  SUDHEER GUPTA:

## Will the Mioister  of FINANCE be plessed  to state:

- whether his Ministry has signed loan agEement  with the Intemationsl  Bank for ReconstructioD  and Deyelopment  (IBRD) for the Skills Acquisition  and Knowledge  Awareness
- (b) ifso, the details  along  with the tenns  and conditions thereof;
- (a) for Livelihood  Promotion  (SANKALP)  proje€t recetrUy;
- (c) the aims  ard objectives of said  loans along with the ongoing projects in association with
- intemational  agencies, Stat€y'UT-wis€;
- (e)
- (d) Mether India has contributed  8ny sharc to the World Bar* and ifso, the details thereof during eaah of the last thr€e  yeaN  and the curent  year; and
- the role of India in the decision  msking  ffiy of World Baok?

## ANSWER

FINANCE  MINISTER

(SHRI  ART,IN  JAITLEY)

(a) to (e): A Statement  is laid on the Table  ofthe House.

STATEMENT  REFERR.ED  IN PARTS (A) TO (E) OF THE REPLY TO TIIE LOK SABHA STARRED QI]ESTION  NO.  *263  BY KUNWAR I{ARIBANSH SINGH AN'D SHRI SUDIIEER  GUPTA REGARDING LOAN AGREE,MENT  WITH IBRD TO BE ANSWERED ON FRIDAY,  JANUARY  05,2018

- (a)  & (b) The Skills Acquisition  and Knowledge  Awareness  for Livelihood  (SANKAIP)  is a project  of total size US Dollar 675 trlillioq  including World  Bank  assistance  ofUS Dollar  500 million, in two tlallches  ofUS Dollar  250 million each,  with a six-year implementation  schedule. At present  the fiIst tranche has been approvod for implementalion.  Accordingly,  a Loan Agreement with lntemational Bank for Reconstruction and Development (IBRD)  for an amount of US Dollar  250 million has been  signed  by the Govemment  of India on December 13, 2017. The total r€payment  p€riod  of this toan amoult is I 8 ye8rs,  ilcluding a graoe  period  of 6 yeam. SANKALP is arl out@me oriented p.oject, wherc the outcomes  will be measured  through Disbursement  Linked IndicaroN (DLIs). The loan amount  will be disbursed in phases, upon achievement  of DLIS like successful completion  of skill development  programs  by trainees, percentage of  gr"aduates  employed  within six months  of compl€tion  of programs,  number  of trainers and assessors tmined, improved performance  of states  on institutional  strengthening, increase  in percentage  of women,  SCs and STs,  and Persons With Disabilities  participating in t aining programs, and succecsful utilization  of public  and private sector funding  into skill development  initiatives.
- (c) SANKALP is I project to reform the skill development  landscape, strengthen  institutions at Cenral and State levels,  enable grcater  deceDtralization  of skill development govemance,  and improve industry  connect  of skill development  programs.  The main objectives of the project are:
- (ii) lmproving quality  of skill development programs through  enablers  such as building  a pool of quality  trainers and assessoN,  developing  model curriculum  and content, and standardizing assessment and cedification;
- (i) Creating convergence  among all skill training activities,  both State-led and Government of India ftnded,  al the state level;
- (iii) Establishing robust  monitoring  and evaluation syslem  for skill raining  pro$ams;
- (v) Creating industry led and demand driven skll training  capacity.
- (iv) Providing access  10 skill raining  opportunities to the disadvantaged  sections;  and

The list of other ongoing  projects  focused on skill d€velopment being  implemented with assistance  ofintemational agencies,  along  with  rheiraims  and objectives, is at Annexure-l.

- (d) India has contributed  lo the paid-in  capilal  of IBRD and Intemational Finance Corporation  (IFc) pursuant  to the last Capital  Increase ofthe World Bank that was agreed  to in 2010. India's contribution  to these  institutions of the World Bank during the last thEe yeaN, including  the current ye3r is at Annexure-Il.
- (e)
- In accordance  with  the Articles ofAgreement  ofthe World  Bank, allpowers  are vested in the Board of Govemors, which is the decision-making  body of the Bank. The Bosrd  of Govemors  consists  of one Govemor  and one Altemate  Govemor appointed  by each member country. The Govemor  of the Bank for India is the Union  Minister  of Fidanc€ while the

Alremate Covemor  for lndia is the Secretary, Department  of Economic Affails,  in the Union Ministry  of Finance.  The Govemors have delegated most powers  to the Executive  Directols \ato are responsible  for the c.onducl  of the gercral operations  of the Bank and who reprcsent a member  country or a group of mr>mber  countries,  The Executive  Directo! of lndia represents four constituency c.untries,  namely India,  Bangladesh,  Sri Lai*a and Bhutaq  in the Bo8rd of Directors.

## ANNEXT]RE-I  IN RESPECT OF PART (C) OT TEE REPLY TO LOK SABHA STARRED  QUESTION  NO.  T263  BY KUNWAR EARIBAI{SE SINGH AND SERI SI]DHEER GUPTA FOR ANSWER ON JANUARY 05,2OI8

List of other oDgoiog projects focuscd on skill developmotrt beiDg  implemetrH with assistaDce of iotematioaal  sgeocles

| No.   | Project Name                                                            | IDtertrrdotrrl .getrcy   | State/ Centrd Project                                     | lAims aud objectives                                                                                                                                         |
|-------|-------------------------------------------------------------------------|--------------------------|-----------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| l     | Skills Strengthening for Industrial Value Enhancement Operation         | IDA                      | Central (Minisey of Skill D€velopment & pnlrepreaeurship) | I fimprove access to quatity *a ma*a-- ldriven vocarional training provided in Industrial Training hstirutes (lTIs.) and lapprenticeships                    |
| 2     | Nai Manzil-Educstion and Skills Training for Minorities                 | IDA                      | CetrEal (Miaisry of Mhority Afairs)                       | [mFove completion of secondary leducqtion aod marketdrivei skills Itraining for targeted youth fiom fninority communitie s                                   |
| 3     | Vocational Training Itnprovement                                        | IDA                      | Centrsl (Ministry of Skilt DevelopmeDt & Eo&epreneurship) | [mprove the employment outcomes? lgraduares fi,om tle vocrtional rraining |system by making the design and ldelivery of taining more demond- L,rponsive |
| 4     | Technicsl Fiucstion Quelity lmprovemenl hoject III                      | IDA                      | Central (Ministry of Human Resouac€ Development)          | quality and equity in engineering education and i0proYe the efliciency oI engineering education system in states                                             |
| 5     | Enhancing Teacher Effectiveness in Bihar Operation                      | IDA                      | State (Bihar)                                             | oI the effectiveness s.hool teacheN in Bihar llmprove                                                                                                        |
| 6     | Tejaswini: Socio€conomic Empowerment of Adolescent Gi s and Young Women | IDA                      | State (Jharlfiaod)                                        | Item.nuv completion of mark€t-driven taining and secondary education for Adolescent Girls and You[g omen in select districts ofJharkhand                     |
| 1     | Suppoding Kcnls's Additionel Skill [.cquisition Program                 | ADB                      | State (Kerala)                                            | post-basic education i.e. secondary and under-gBduate s with market rel€vant vocational arld csreer counseling to the youth employability and prospects      |
| I     | Supponing Human Capital Development in Meghalaya                        | ADB                      | (Meghalaya) State                                         | the employability of youth g the quality and delivery seoondary and hiiher on, and technical and lls develoDment Droerajns secondar) vocational              |

## ANIIEXURE-II IN RESPE,CT OF PART (D) OF TIm R-EPLY  TO LOK SABHA STARRED QUESTION  NC,.  *263  BY KUNWAR HARIBAMSH  SINGH AND SHRJ SIJDIIEER GUPTA FOR ANSWER ON JANUARY  05, 2018

| No.   | Yerr      | Institution   | Co!tribution (USD millior)   | ReEarks                                                                                                                                                                                                                                                                                                                                                   |
|-------|-----------|---------------|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| I     | 2014-15   | IBRD          | 37.2't6                      | Paymeot ofUSD 20.867 millior in r€spect oflndia's subsqiption of 2,883 shar€s out of 14,744 shaEs oI India uoder the 2010 General Capital Increas€ ol IBRD; and Payment ofUSD t6.,109 million in respect oflndia's subscription of 2267 shares to complete India's subsqiption of 9,348 shares of India undet the 2010 Selective Capital Incrcase of IBRD |
|       |           | IT'C          | 0.094                        | Subscription of 94 additional shares of the capital stook of IFC for the yesr 2014-15 under tie 2010 Selective Capital Increase of IFC                                                                                                                                                                                                                    |
| 2     | 2015-16   | IBRD          | i.i.867                      | Payme[t in respect of India's subscription of 2,883 shares to complete India's subscription of 1d744 sharcs of India under the 2010 Gercral Capital ldcrcase of IBRD                                                                                                                                                                                      |
| 3.    | 2016-17   |               | NIL                          |                                                                                                                                                                                                                                                                                                                                                           |
| 4.    | 2017 -18* |               | ML                           |                                                                                                                                                                                                                                                                                                                                                           |