According to a press release issued by the Ministry of Finance on Friday, the project will support the Government of Nepal to develop a market responsive and social and gender approachable technical vocational education and training (TVET) system.[break]
For this purpose, the project will deliver four outputs namely: (1) expanded provision of inclusive market-oriented training, (2) improved quality and relevance of TVET provision, 3) policy, institutional and operational reforms, and 4) effective project management and monitoring and evaluation.
The major priority of this project is to match the skills by TVET trainees with needs of both the domestic and international labour market.
Under this project, the training programme will be categorized on two level i.e. basic-level (of three-month duration); mid-level (diploma and technical school leaving certificate) by focusing on the three areas namely, constriction, services and manufacturing. It is expected that the project will increase employment opportunity to Nepalese workforce.
The duration of the project is of five-years to be implemented from September 2013.
The Ministry of Education will be responsible as an executing agency and Council for Technical Education and Vocational Training (CTEVT) as key implementation agency.
Secretary at the Ministry of Finance, Shanta Raj Subedi, and Country Director of ADB for Nepal, Kenichi Yokoyama, signed the agreement.
On the occasion, Kenichi expressed the belief that the grant assistance would make a great support in producing human resources for the economic development of the country.
He added that 50,000 skilled human resources would be produced from the project.
Similarly, Finance Secretary Subedi said that the project is important in creating employment, inclusive development and poverty alleviation.
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He expressed sincere appreciation to ADB for its continuous assistance in the socio economic development of Nepal.
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