Skill Development Fund

The Skill Development Fund is a financial resource allocated by governments or organizations to support training programs that improve workers’ skills. Its purpose is to enhance employability and productivity by providing funding for education, workshops, or certifications in various professions. The fund helps bridge skill gaps in the workforce, benefiting both employees and employers, and encourages continuous learning to adapt to changing industry demands. By investing in skill development, it aims to foster economic growth and ensure a skilled, competitive labor market.