Project
| ID | INDIGO-POJ-0229 |
|---|---|
| Impact Bond Name - (Value) | Skill Impact Bond |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Social Investment Prototype - (Value) | NO |
| Dates - Start date of service provision - (Value) | 2021-10 |
| Dates - (Notes) | source4 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 4000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 4000000 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | USD |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 14400000 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 14400000 |
| Purpose and classifications - Social challenge - (Value) | Millions of Indians have lost their jobs during the Covid-19 pandemic. Youth have been hit harder than adults (25 and older) in the immediate crisis and risk bearing higher longer-term economic and social costs2. The attention of the impact bond is to address the youth employment crisis and specifically that for young women. The focus on women in the Skill Impact Bond is a response to the negative impact of the pandemic on women and employment. Women were eight times more likely to lose jobs during the national lockdown than men3. Women made up 24% of the workforce before the pandemic, yet accounted for 28% of all job losses as the pandemic took hold4. |
| Purpose and classifications - Intervention - (Value) | Sharing the vision of an ‘employment ready’ young India, the National Skill Development Corporation (NSDC) in collaboration with a coalition comprising the British Asian Trust, the Michael & Susan Dell Foundation, The Children’s Investment Fund Foundation, HSBC India, JSW Foundation and Dubai Cares, with FCDO (UK Government) & USAID as technical partners, launched the first-of-its-kind and the largest impact bond for employment outcomes in India in November 2021. The coalition has brought together a US$14.4 million fund to benefit 50,000 young people, 60% of whom will be women, over four years by equipping them with skills and providing wage employment in sectors including retail, apparel, healthcare, logistics, and others. The collaboration also aims at strengthening the capacity of India’s technical and vocational education ecosystem through knowledge exchange, evidence and data generation and mainstreaming good practices. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - Primary SDG goal - (Value) | 8 |
| Purpose and classifications - Secondary SDG goals - (Value) | 5 |
| Purpose and classifications - (Source ID's) | source1,source2 |
| Service and beneficiaries - Target population - (Value) | 50,000 youth in India, 60% of whom will be women. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 50000 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | India |
| Delivery Locations 1: Location - Country - (Value) | IN |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 28.612894 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 77.229446 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Business Standard article on 26/10/2021 |
| Sources 1: Type - (Value) | Website |
| Sources 1: URL - (Value) | https://www.business-standard.com/article/markets/india-s-first-skill-impact-bond-launched-fund-to-benefit-50-000-youth-121102600967_1.html |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Invest India website accesed on 05/11/2021 |
| Sources 2: Type - (Value) | Website |
| Sources 2: URL - (Value) | https://www.investindia.gov.in/siru/indias-first-skill-impact-bond-gender-lens |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | National Skill Development Corporation webiste accessed on 05/11/2021 |
| Sources 3: Type - (Value) | Website |
| Sources 3: URL - (Value) | https://nsdcindia.org/sib |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Times of India newspiece published on 27/10/2021: 'NSDC launches Skill Impact Bond' |
| Sources 4: Type - (Value) | Website |
| Sources 4: URL - (Value) | https://timesofindia.indiatimes.com/business/india-business/nsdc-launches-skill-impact-bond/articleshow/87310548.cms |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Email correspondence with Britishh Asian Trust on 20th August 2024 |
| Sources 5: Type - (Value) | Email correspondence |
| Service Provisions 1: Id | serviceprovider1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1289 |
| Service Provisions 2: Id | serviceprovider2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-1290 |
| Service Provisions 3: Id | serviceprovider3 |
| Service Provisions 3: Organisation ID - (Value) | INDIGO-ORG-1291 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0533 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Foundation/Philanthropist |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-1284 |
| Outcome Payment Commitments 3: Organisation ID - (Value) | INDIGO-ORG-1285 |
| Outcome Payment Commitments 4: Organisation ID - (Value) | INDIGO-ORG-1286 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1283 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0185 |
| Investments 2: Organisation Role Category - (Value) | Foundation/Philanthropist |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0190 |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Other Role Description - (Value) | Transaction partner |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0073 |
| Intermediary services 2: Organisation Role Category - (Value) | Technical assistance |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0985 |
| Intermediary services 3: Organisation Role Category - (Value) | Technical assistance |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-1292 |
| Intermediary services 4: Organisation Role Category - (Value) | Other |
| Intermediary services 4: Other Role Description - (Value) | Independent evaluator |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0181 |
| Intermediary services 5: Organisation Role Category - (Value) | Performance management |
| Intermediary services 6: Organisation ID - (Value) | INDIGO-ORG-1293 |
| Intermediary services 6: Organisation Role Category - (Value) | Legal counsel |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Certification |
| Outcome Metrics 1: Policy sector - (Value) | Education |
| Outcome Metrics 1: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 1: Secondary SDG goals - (Value) | 5 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Job placement |
| Outcome Metrics 2: Policy sector - (Value) | Employment and training |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Secondary SDG goals - (Value) | 5 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Job retention (3 months) |
| Outcome Metrics 3: Policy sector - (Value) | Employment and training |
| Outcome Metrics 3: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 3: Secondary SDG goals - (Value) | 5 |