National Skill Development Corporation (NSDC) intends to invite Expression of Interest (EOI) to onboarding Tech partners for support Implementation of Health Intervention Pilot under the Skill Impact Bond.
Introduction:
Skill Impact Bond
The Skill Impact Bond (SIB) is India’s first ever Impact Bond in the skilling ecosystem backed through investment by National Skill Development Corporation and Michel and Susan Dell Foundation and funded by Children’s Investment Innovation Fund, HSBC, Jindal Steel Works and Dubai Cares.
Launched in 2021 with the objective of shifting the focus of short-term skilling programs in India from outputs (enrolment and certification) to meaningful livelihood outcomes (placement and retention)
Healthcare Intervention Pilot under the Skill Impact Bond
To reduce candidate dropouts during the training and job retention phases , the Risk Investors of SIB (NSDC and MSDF) commissioned a design study to further explore the interplay between candidate health and candidate skilling outcomes. The objective of the study was to identify key drivers of health-related dropouts and then design solutions aimed at improving candidate health, which would in turn also and reduce associated dropouts across the skilling value chain.
Based on the results of the design study, implementation of a pilot project is expected to start under SIB from January 2025 onwards.
Scope Of Work:
Context:
Learning and Mainstreaming was embedded as a key priority of the Skill Impact Bond. In addition to improvement in skilling outcomes, SIB’s learning agenda seeks to explore targeted avenues to improve social and financial outcomes of candidates.
To reduce candidate dropouts owing to poor health, the Risk Investors (NSDC and MSDF) commissioned and design study to further explore the interplay between candidate health and skilling outcomes and design solutions aimed at improving candidate health and reduce associated dropouts across the skilling value chain.
Analysis of skilling performance of Training Partners under SIB showcased high correlation between candidate health and dropout rates across the value chain. Health-related challenges are a significant factor in trainee dropouts, particularly when they begin working. Health reasons account for 20% of the total dropouts at each stage of the value chain. Further, poor health disproportionately impacts skilling outcomes post-placement with almost 64% of all health dropouts occurring during the first three months of employment.
To reduce candidate dropouts owing to poor health, the Risk Investors (NSDC and MSDF) commissioned and design study to further explore the interplay between candidate health and skilling outcomes and design solutions aimed at improving candidate health and reduce associated dropouts across the skilling value chain.
The design study was conducted by Dalberg Advisors. The study led to identification of key issues and drivers pertaining to candidate health and prioritized solutions aimed at improving candidate health during training and first three months of employment, thereby reducing dropouts pertaining to poor health.
Pilot Design*:
- Design Research Methodology
- Target Beneficiaries for the pilot
- Issue Identification and Solutioning
- Proposed Health Pilots
Mode of Submission: Online Only
Last Date For Submission: 08 November 2024
* Complete details are provided in the EOI document. Interested and Eligible Agencies should go through the details carefully before applying.
