ADB approves $112 million loan to establish Assam Skill University

The Asian Development Bank (ADB) has approved a $112 million loans for Assam to strengthen skill education and training through the establishment of Assam Skill University (ASU). The Loan will create a path for skill development to enhance the productivity and competitiveness of Assam’s economy and industries.

The project will further enhance collaboration between the ASU and TVET and higher education institutions in neighboring countries to establish programs for common strategic industries, said ADB.

An additional $1 million grant from the Japan Fund for Poverty Reduction will support the introduction of technologies for smart campus management, integrated teaching, learning, and career development management.

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The project will help develop the ASU’s management and operating systems, business models, and faculty and staff, and support the design and construction of environmentally sustainable and climate-resilient university campus and facilities to ensure efficient and sustainable operations. It will also support the design and delivery of industry-aligned and flexible skills education and training programs, including cutting-edge digital skills programs, career development programs and services, and continuing education programs.

Important takeaways for all competitive exams:

• Assam Governor: Jagdish Mukhi;
• Assam Chief Minister: Himanta Biswa Sarma.