ADB approves USD 109.97 Million loan to Gujarat for skill development programmes

Current Context: The Asian Development Bank (ADB) has approved a $109.97 million loan to support Gujarat’s Skills Development Program, announced on June 13, 2025.

Key Highlights:

• Led by Gujarat’s Labour, Skill Development & Employment Department in collaboration with Kaushalya: The Skill University (KSU).
• Focuses on seven high-priority industries, including logistics, automotive, IT, renewable energy, healthcare, and agri-tech.
• Plans to upgrade 11 mega ITIs, establish centers of excellence, and integrate AI-driven training.
• Aims to train 60,000 students in advanced skills and provide 175,000 disadvantaged individuals with employment-focused training.

Question:

Q.1 On June 13, 2025, the Asian Development Bank (ADB) approved a loan of how much to support Gujarat’s Skills Development Program?
a) $89.50 million
b) $109.97 million
c) $125.60 million
d) $100.00 million

Answer: b) ADB approved a $109.97 million loan to boost Gujarat’s skill ecosystem.