Sharing the vision of making young Indians ready for employment, the Skill Impact Bond is the first development impact bond in India dedicated to skills training and job placement. Its objective is to benefit 50,000 young Indians over four years, with 60% of the beneficiaries being women. This innovative outcomes-based financing tool uses private sector capital and expertise, focusing on job placement and retention rather than merely on training and certification. The collaboration also seeks to enhance India’s technical and vocational education ecosystem through knowledge exchange, data generation, and the mainstreaming of best practices.