The World Bank on Tuesday signed a financing agreement for IDA credit of USD 63 million (equivalent) for 'Tejaswini', which is a socio-economic empowerment of adolescent girls and young women project.
The agreement was signed under the presence of joint secretary Department of Economic Affairs, Raj Kumar and on behalf of the Government of India and Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.
Also, a project agreement was signed by Mukhmeet Singh Bhatia, Principal Secretary, Department of Women, Child Development, Government of Jharkhand and Junaid Kamal Ahmad, Country Director, World Bank.
The project seeks to empower the adolescent girls with basic life skills and thereafter provide further opportunities to acquire market driven skill training or completion of secondary education, depending on the inclination of the beneficiary.
The project will be delivered in 17 Districts of Jharkhand, and it includes three main components, which includes expanding social, educational and economic opportunities, intensive service delivery and state capacity-building and implementation support.
About 680,000 adolescent girls and young women in the project Districts are expected to benefit from the program.
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