National News

Skills Outcomes Fund Initiative

April 13 , 2026 13 hrs 0 min 84 0

The Government of India launched a campaign to build the Skills Outcomes Fund to boost youth employment in India.
It aims to support youth from low-income backgrounds by creating sustainable livelihood opportunities.
The fund uses Outcome-Based Financing (OBF), linking funds to verified job results like placement and retention.
It will be anchored by the National Skill Development Corporation under the Ministry of Skill Development and Entrepreneurship (MSDE).
It follows a blended finance model combining government, private, and philanthropic funding.
It builds on the success of the Skill Impact Bond (2021) to scale employment-focused skilling programs.