📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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

    • 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. • 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. • Financial Outlay: ₹60,000 crore o Central Share: ₹30,000 crore o State Share: ₹20,000 crore o Industry Share: ₹10,000 crore • Co-financing: 50% of the Central share is provided equally by Asian Development Bank (ADB) and World Bank.

    Practice Next
    More Previous Year Paper Questions
    ask-question