Modi government approves Rs 1500 crores for Pradhan Mantri Kaushal Vikas Yojana

500 India rupee notes

By Newsgram Staff Writer

The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its approval for the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs.1500 crore which will cover 24 lakh persons.

Skill training would be done based on the National Skill Qualification Framework (NSQF) and industry led standards. Under the scheme, a monetary reward will be given to trainees on assessment and certification by third party assessment bodies. The average monetary reward would be around Rs.8000 per trainee.

Out of the total outlay of Rs.1120 crore to be spent on skill training of 14 lakh youth, special emphasis has been given to recognition of prior learning for which an amount of Rs.220 crore has been provided. Awareness building and mobilization efforts would be focused for attention, for which Rs.67 crore has been provided.

Mobilization would be done through skill melas organized at the local level with participation of the State Governments, Municipal Bodies, Pachayati Raj Institutions and community based organizations. The focus under the scheme is also on mentorship support and placement facilitation for which an outlay of Rs.67 crore has been provided.

An allocation of Rs.150 crores has been made for training of youth from the North-East region.

Highlights of skill training would be that it would be done on the basis of demand assessed on the basis of recent skill gap studies conducted by the NSDC for the period 2013-17.

The target for skilling would be aligned to demand from other flagship programmes launched in recent times such as Make in India, Digital India, National Solar Mission and Swachh Bharat Abhiyan. Skill training under the new scheme will primarily be focused on a first time entrants to the labour market and primarily target Class 10 and Class 12 drop outs.

The scheme would be implemented through NSDC training partners. Currently NSDC has 187 training partners that have over 2300 centres. In addition, Central / State Government affiliated training providers would also be used for training under the scheme. All training providers will have to undergo a due diligence before being eligible for participating under this scheme. Focus under the PMKVY would be on improved curricula, better pedagogy and better trained instructors.