Friday 9 October 2015

SKILL INDIA - Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

SKILL INDIA

Government has launched SKILL INDIA on the occasion of the first-ever World Youth Skills Day on 15th July, 2015 in New Delhi. During the event, Prime Minister Narendra Modi unveiled the Skill India logo and launched four landmark initiatives of the Ministry of Skill Development and Entrepreneurship: National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan scheme. Speaking on the occasion, the Prime Minister articulated a clear vision for Skill India. Highlighting the centrality of skills to India’s development, he called upon government, private sector and India’s youth to work together to make this vision a reality. 

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the Ministry’s flagship, demand-driven, reward-based skill training scheme will incentivise skill training by providing financial rewards to candidates who successfully complete approved skill training programmes. Over the next year, PMKVY will skill 24 lakh youth, across India. For the first time, the skills of young people who lack formal certification, such as workers in India’s vast unorganised sector, will be recognised. Through an initiative known as ‘Recognition of Prior Learning’ (RPL), 10 lakh youth will be assessed and certified for the skills that they already possess. 

Loans ranging from Rs 5,000-1.5 lakhs will be made available
to 34 lakh youth of India seeking to attend skill development programmes over the next five years under the Skill Loan scheme. Sanction letters for the first ever Skill Loans were handed out by the Prime Minister to aspiring trainees. During the function, Mr. Narendra Modi awarded Skill Cards and Skill Certificates to trainees who had recently completed training through the Pilot Phase of PMKVY, which started in May 2015. Such Skill Cards and Skill Certificates will allow trainees to share their skill identity with employers. Each Skill Card and Skill Certificate features a Quick Response Code (QR Code), which can be read through a QR reader on mobile devices. Trainees can use these to share their skill qualifications with employers in a quick and reliable way during the job search process. Across the country, 2,33,000 youth were awarded certificates from ITIs, and 18,000 plus graduating students received job offer letters on the occasion of World Youth Skills Day. 

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