This report evaluates India’s pioneering Skill Impact Bond, a large-scale pilot program designed to enhance skill development and employment for 50,000 young people, with a strategic focus on including women. It meticulously analyses the bond’s effectiveness in improving enrollment rates, the quality of training provided, and final job placement outcomes. The assessment underscores the critical roles of adaptive governance, robust data systems for transparent performance management, and effective coordination among diverse stakeholders like the NSDC, funders, and service providers. It offers key lessons on implementing outcomes-based financing models.
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