New Delhi : Pooja Kumari from a village near Bokaro, Ishrat from a conservative Delhi house, Simran Pandey from the workclass lane in the capital, and Sakshi from Tribal Hartland in Jharkhand are part of a quiet but different change in India’s skilling landscape. This change is being conducted by Skill Impact Bond (SIB)-The first result-based skilling initiative of the country.Launched in 2021 by the Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation, SIB is supported by a union of philanthropists and private partners, including the British Asian Trust and Children Investment Fund Foundation (CIFF) – two major organizations that help in concept and initiative. With JSW Foundation, HSBC India and Dubai Care, they are running one of India’s most ambitious public-rich participation focused on women’s leading development.SIB aims to train 50,000 youth, at least 30,150 has been retained in jobs for at least three months. So far, 72% of more than 23,700 youth have been trained in 30 job roles in 13 areas, working with over 700 employers. Of these, 75% have secured jobs, and 60% has worked for more than three months – above the national average.As India reaches its demographic peak and by 2047, models like SIB, from the point of view of $ 30-trilian economy, provide a roadmap-targeted training, result-centered framework and continuous post-payment support.“We are not only experimenting with result-based financing-we are institutionalizing it to create a flexible, inclusive skilling ecosystem,” said Jayant Chaudhary, Minister of State (independent fees) for skill development and entrepreneurship. He cited skill impact bonds and project amber, saying how public, philanthropist and private investment can simultaneously measure measable social impact. He said that uttekomed financeing, he said that public investment is becoming a powerful tool to ensure that especially in skilling, employment and women empowerment.Pooja, 26, trained 26 -year -old as a CNC operator through PAN IIT Gurukul and moved to Chennai to work with IM Gears, became the only breadwinner for her family. 18-year-old Ishrat began working in Noida in a data-entry role chasing BA through the School of Open Learning of Delhi University-telling her father. 21 -year -old Simran joined an IT training program and now works as customer care executive in Delhi, saving to become an air hostess. 23 -year -old Man, a school dropout from Malto Tribal Community, PAN in Bangalore enrolled in IIT’s apparel program and now earns Rs 15,000 per month, supporting his brother -in -law education.His visit shows a delicate but significant change. Many are the first generation formal activists who navigate rigorous social norms, migration and financial stress to carry forward asphalt livelihood.Jharkhand leads the nomination figures with 26% trainees, followed by UP and Delhi. But the comprehensive skilling landscape is still challenging: only 4% of India’s workforces are formally efficient, and about 30% of the trained persons are of workless work. Retention is particularly challenging for women who have taken advantage of traditional schemes. While 84% of the people enrolled under such schemes gave full certification, less than 10% of jobs last for more than three months.SIB tries to reverse this trend by tying money for job placement and retention, not for enrollment or certification. Training providers are encouraged to support the results through onboarding, counseling and busyness of alumni.“Until we come out of our rest area, we cannot achieve anything,” Ishrat says. “First, I was not sure I could manage machines,” says Pooja, now a trainer. “Now I want girls in my village see what is possible.”Sakshi says that her job gave her more than income, it gave her purpose. “I didn’t want my brother -in -law to face what I had done.” Simran says that the job gave him confidence. “I think I can also take care of my dreams and the needs of my family.” For them, skilling is not only about employment – it is about finding a place in the identity, agency and formal economy.
