India has signed how much amount of financing agreement with the World Bank for Strive Project?



India has signed how much amount of financing agreement with the World Bank for Strive Project?

Options :
1. $325 million
2. $425 million
3. $225 million
4. $125 million

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General Knowledge Question and Answer with Explanation

Answer and Explanation

Answer is :$125 million

Explanation :
India has recently signed a financing agreement of $125 million with the World Bank (WB) in New Delhi for the Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project. The purpose of the project is to improve access to quality and market-driven vocational training provided in it is and apprenticeships. The result areas for the project include Improved Performance of Industrial Training Institutes; Increased Capacities of State Governments to Support Industrial Training Institutes and Apprenticeship Training; Improved Teaching and Learning; and Improved and Broadened Apprenticeship Training. The closing date for the project is 30th November, 2022.