Saturday, March 21, 2015

PM Kaushal Vikas Yojana (PMKVY)

The Union Cabinet approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) (translated to - Prime Minister Skill Development Scheme) with an outlay of Rs. 1,500 crore to provide skills training to youth (including Class 10 and 12 drop outs).

Ministry and NSDC
This flagship scheme is to be implemented by the new Ministry of Skill Development and Entrepreneurship (Minister of State (Independent Charge) - Shri Rajiv Pratap Rudy) through the National Skill Development Corporation (NSDC).

The scheme will cover 24 lakh youths. Skill training would be done on the National Skill Qualification Framework (NSQF) and industry-led standards.

Scheme and rewards
Under the scheme, a monetary reward is given to trainees on assessment and certification by third party assessment bodies. The average monetary reward would be approx Rs. 8,000 per trainee.

Expenditure List
  • Skill training of 14 lakh youth - Rs. 1,120 crore
  • Recognition of prior learning - Rs. 220 crore
  • Awareness building and mobilization efforts - Rs. 67 crore (Mobilization through Skill melas organized at the local level with participation of State governments, Municipalities, Panchayats, community-based organizations, etc.)
  • Mentorship support and placement facilitation - Rs. 67 crore
  • Training of youth from the North-East region - Rs. 150 crore

Focus on
Skill training under this scheme will primarily be focused on a first time entrants to the labor market and primarily target Class 10 and Class 12 drop outs.

Other flagship schemes
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.

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