8 JUNE2023INFOCUSINFOCUSSkill Bond which is a first-of-its-kind Skill Impact Bond has enrolled up to 18,000 first-time job seekers from families who have low incomes. During this enrollment, women who came from 18 states and Union Territories made up to 72 percent of first-time job seekers.The Ministry of Skill Development and Entrepreneurship says that a 14.4 million dollar bond issued in 2021 is presently on set to meet its goal of educating 50,000 adolescents, 60 percent of whom will be women, in order to help them find and retain their employment.Only 10 out of 100 women engaged in skill-building programs remain to continue their jobs for three months, according to research, and the country's female labor force participation percentage has continuously been low at approximately 30 percent. In order to promote an outcomes-based approach, NSDC and a coalition of partners introduced the four-year Skill Impact Bond in 2021. This was the first development impact bond created in India. WOMEN MAKE UP TO 70 PERCENT OF FIRST-TIME JOBSEEKERS IN INDIA FINDS SKILL BOND REPORTTECNIMONT SUPPORTS IITB EDUCATIONAL OUTREACH INITIATIVE WISE TO ENCOURAGE GIRLS FROM RURAL INDIAONLY 10 OUT OF 100 WOMEN ENGAGED IN SKILL-BUILDING PROGRAMS REMAIN TO CONTINUE THEIR JOBS FOR THREE MONTHS,ACCORDING TO RESEARCHWomen in Science and Engineering (WiSE) from rural areas of India get financial support, according to Tecnimont Private Limited (TCMPL), a subsidiary of MARIE Group. Professor Rajesh Zele from the Indian Institute of Technology Bombay (IIT Bombay) is leading this initiative which involves 165 females in total, to inspire young girls from rural areas of India to pursue further education in STEM through a week-long intensive residential program at IIT Bombay.The development of value for the territories and communities where MARIE works through corporate social responsibility projects and initiatives is a key element of the MARIE Group's sustainability strategy.MARIE Group CSR Senior Specialist, Valentina Grieco, stated that Project WiSE aims to look after the rural areas of India, such as Odisha, Maharashtra, and Bihar in order to help adolescent girls build their confidence in subjects like science and mathematics.While the rural young girls face difficult circumstances while continuing their education, TCMPL works to make learning appealing for both students and parents to ensure that females have enrolled in these initiatives to their higher standards.
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