Innovative Skills Development Financing in India: Scope of Impact Investing in Financing Skilling in India

This paper explores the scope of impact investing and Social Impact Bonds (SIBs) as innovative financing mechanisms for skills development in India. It examines how these alternative finance models can mobilise private capital to address the significant skilling gap in the country, promoting economic empowerment and employability. The author analyses the potential of results-based financing to drive effectiveness and accountability in vocational training initiatives across India.