Skill Impact Bonds:
As India strives for economic growth and inclusive development, innovative models like the Skill Impact Bond (SIB) are emerging to address key challenges in skilling and employment, especially among marginalized communities and women.
- The Skill Impact Bond (SIB) 2025 report reveals that Jharkhand has the highest share of enrolled trainees, with women continuing to dominate enrolment in the apparel sector; however, gender-based pay disparities persist, despite improvements in female retention and placement rates.
- Skill Impact Bond (SIB) is India’s first Development Impact Bond (DIB), launched in 2021 focused on skills training and job placement.
- It shifts focus from enrollment to outcomes like placement and retention. It uses private-sector funding to address social and development challenges.
- Objective is to skill 50,000 youth, with 60% women, especially from marginalised and rural backgrounds, and ensure at least 30,150 retain jobs for 3+ months.
- Key Highlights of the SIB Report 2025:
- Top States: Jharkhand (27%), UP, Maharashtra, Odisha, and Telangana had highest enrollments.
- Popular Sectors:
- Women: Mainly trained in apparel, with rising numbers in retail, IT-enabled services (ITeS), and BFSI (banking, financial services, and insurance)
- Men: Moving from construction to sectors like automotive and telecom.
- Women-Led Skilling: Over 72% of 23,700+ trainees were women from vulnerable backgrounds. Female certification rate reached 92%, and job placement was 81%. Self-employment among women rose from 6% to 14%.
- Better Job Outcomes: 75% of all trainees got jobs, and 60% stayed employed for over 3 months—above national average. Female employment increased from 35% to 48%.
- Gender Pay Gap: Men earned more (Rs 12,400–15,700) than women (Rs 11,500–13,000) despite similar job outcomes.
