by Staff Correspondent in Dhaka;
Bangladesh has undertaken a major project to prepare more than 1 million young workforce with skills necessary for future jobs in an attempt to keep pace with its development trajectory.
Youths, women and disadvantaged groups, including people with disabilities, will learn skills and connect them to the labor market under the massive “Accelerating and Strengthening Skills for Economic Transformation (ASSET) project to be implemented by 2026.
The project was approved formally on Tuesday at the meeting of the Executive Committee on National Economic Council headed by Prime Minister Sheikh Hasina.
Department of Technical Education under the Technical and Madrassa Education Division will implement the project at the cost of 4,300 crore taka, Planning Minister Abdul Mannan said after the meeting.
The government will bear the cost of 1,720 crore taka while the rest of the amount till come as credit from the World Bank, which approved the fund in May this year.
Once an impoverish country, Bangladesh having a health economic growth rate for the last decade has fixed the year 2041 to be a developed nation.
The minister said the government has been implementing various project to improve skills of its workers and persistently trying to train its young workforce the future jobs.
He said Bangladesh still lacks necessary skills among the workforce.
Dr Shamsul Alam, the State Minister for Planning, said Prime Minister Sheikh Hasina has termed the ASSET project a fitting one in order to properly utilize the demographic dividend of the country.
The project will also help accelerate recovery from the pandemic by supporting industries to retrain their workers, he added.
The project cost will include construction of non residential building, 15 acres of land acquisition, imparting necessary training, holding seminars, conferences, procuring ICT and computer equipment, providing support to technical and stipend education.
It will also create awareness about the pandemic. The project will be designed to help informal sector workers through expanding the Recognition of Prior Learning (RPL) programme.