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      Question

      The National Scheme for Industrial Training Institute

      (ITI) Upgradation has been approved by the Government of India. Which international organizations are co-financing 50% of the Central share under this scheme?
      A Asian Infrastructure Investment Bank (AIIB) & World Bank Correct Answer Incorrect Answer
      B International Monetary Fund (IMF) & World Bank Correct Answer Incorrect Answer
      C United Nations Development Programme (UNDP) & Asian Development Bank (ADB) Correct Answer Incorrect Answer
      D World Trade Organization (WTO) & Asian Development Bank (ADB) Correct Answer Incorrect Answer
      E Asian Development Bank (ADB) & World Bank Correct Answer Incorrect Answer

      Solution

      β€’ The National Scheme for ITI Upgradation and Setting up of Five National Centres of Excellence for Skilling was approved by the Union Cabinet of India in May 2025. β€’ Objective: o Upgrade 1,000 Government ITIs in a hub-and-spoke arrangement with industry-aligned trades. o Set up five National Centres of Excellence in Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana. o Train 20 lakh youth over five years, addressing skill shortages in high-growth sectors like electronics, automotive, and renewable energy. β€’ Financial Outlay: β‚Ή60,000 crore o Central Share: β‚Ή30,000 crore o State Share: β‚Ή20,000 crore o Industry Share: β‚Ή10,000 crore β€’ Co-financing: 50% of the Central share is provided equally by Asian Development Bank (ADB) and World Bank.

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