Asian Development Bank Approves $109.97 Million Loan to Boost Skills in Gujarat
Funding | Jun 13, 2025 | Asian Development Bank
The Asian Development Bank (ADB) has sanctioned a $109.97 million loan to assist Gujarat in developing a skilled workforce to support its aim of becoming a global industrial hub. The Gujarat Skills Development Program, spearheaded by the state’s Labor, Skill Development and Employment Department in collaboration with Kaushalya: The Skill University (KSU), will impart modern, industry-aligned training in various high-growth sectors. The initiative aims to revamp the technical and vocational education landscape in Gujarat by improving governance, institutional capacities, and broadening access to relevant training courses. The program supports seven critical industries and includes measures such as upgrading training facilities, establishing centers of excellence, and creating partnerships through a hub-and-spoke model anchored by KSU. It also intends to enhance participation of women and disadvantaged groups in technical education. The loan is part of ADB's broader mission to support sustainable and inclusive economic development across Asia.
Sectors
- Education and Training
- Finance
- Industrial Development
Geography
- India – The program is implemented in Gujarat, India, hence India is a relevant geographical classification.
- Asia – The Asian Development Bank operates within Asia, where Gujarat is located.
Industry
- Education and Training – The article focuses on developing workforce skills and education via the Gujarat Skills Development Program, making Education and Training a relevant classification.
- Finance – The provision of a $109.97 million loan by ADB situates the article within the Finance sector.
- Industrial Development – The program aims to make Gujarat a global industrial hub, thus Industrial Development is a pertinent classification.
Financials
- $109.97 million – Loan amount provided by the Asian Development Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asian Development Bank | Lender | Company | ADB is providing the $109.97 million loan to support Gujarat's workforce development. |
| Government of Gujarat | Borrower | Government | The recipient of the loan for implementing the Gujarat Skills Development Program. |
| Kaushalya: The Skill University | Collaborator | Company | Collaborating with the Government of Gujarat to implement the skills development program. |
| Labor, Skill Development and Employment Department | Program Leader | Government | Leading the Gujarat Skills Development Program. |