By Our Reporter
SHILLONG: As advised by the Department of Economic Affairs (DEA), Government of India, ADB has designed a loan for ‘Supporting Human Capital Development in Meghalaya.’
Chief Minister Dr Mukul Sangma told reporters here on Friday that State Government is fine tuning the modalities of the agreement to be signed between state government and the ADB shortly.
This financial aid, which will initially come as a loan from the ADB, will then be converted into 10 per cent loan and 90 per cent grant, he said, adding this would go a long way in enhancing the capacities of the youths making them more employable.
The $ 100,000 project will improve the quality and delivery of secondary education (including teacher training) and skill development programms thereby, reinforcing the efforts of the Government of Meghalaya towards developing the state’s human capital.
ADB will be guided by the two flagship central programs, namely the National Skill Development Mission and the Rashtriya Madhyamik Shiksha Abhiyan (RMSA) or the National Secondary Education Mission (and related teacher training schemes), and help to operationalize these effectively in Meghalaya.